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July
8

Last week, I posted a list of the exterior home-improvement projects that have the most buyer appeal. In this post, I'm going to revisit those same projects and look at what you can expect to recover from each one.

The numbers I'm using here come from the same report by the National Association of Realtors that I sourced in the previous post. Members of the National Association of the Remodeling Industry estimated costs for each project, and Realtors estimated the value added. The "value recovered," which I've listed with each project, is the value added divided by the cost, or a representation of how much of the initial investment a homeowner might expect to get back at resale.

When considering these projects, it's important to remember that your own experience will vary. What you recoup from a home improvement will depend on the scope of the project, how long it's been since you completed it, and market conditions at the time of resale. (Get more information about the cost and value of home improvement projects from the 2015 Remodeling Impact Report.)

1. New roofing

 

New roofing

Value recovered: 100%

 


 

2. New vinyl windows

 

New vinyl windows

Value recovered: 80%

 


 

3. New garage door

 

New garage door

Value recovered: 87%

 


 

4. New vinyl siding

 

New vinyl siding

Value recovered: 83%

 


 

5. New wood windows

 

New wood windows

Value recovered: 58%

 

Let's talk more about how the improvements you've made to your home and how much they'll add to the value of your home. Contact me anytime at (540) 793-0442 orrpayne@mkbrealtors.com. Take a look at my listings here and like my page on Facebook.

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