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Home Remodeling ROI: Where to find your resale $$

December 21st, 2010


greyHouse Inc- Home Remodeling Blog, Raleigh, NC general contractor 

Home Remodeling ROIs: Where you’ll find your

 

resale $$

 

Home remodeling is a consideration made by many, and one of the first questions to be asked is always “What will I get back from my investment?” Here at greyHouse we’ve taken an in-depth look at the full scope of home remodeling projects, and analyzed which ones yield the best return on investments (ROIs) nationwide, in the South East and right here in Raleigh. You just might be pleasantly surprised by the ones that make our list.

Home Remodeling ROIs for your Budget

OK, so let’s say you’ve been wanting to improve or remodel your home in some way for the last few years, so you set aside some money and now you’re ready to go for it – you just need to figure out where to spend it! We’ll analyze all budgets and identify the top 3 areas of your home to improve for that budget in order to maximize your ROI percentage*:

Home Remodeling Projects Under $15,000

  Raleigh, NC Area South East Region Nationwide
#1 Fiber-Cement Siding Replacement Fiber-Cement Siding Replacement Fiber-Cement Siding Replacement
#2 Wood Deck Addition Vinyl Siding Replacement Wood Deck Addition
#3 Window Replacement (Wood/Vinyl) Window Replacement (Wood/Vinyl) Window Replacement (Wood/Vinyl)

 

Home Remodeling Projects $15,000 - $30,000

  Raleigh, NC Area South East Region Nationwide
#1 Kitchen Remodel Kitchen Remodel Kitchen Remodel
#2 Bathroom Remodel Roof Replacement Wood Window Replacement
#3 Roof Replacement Wood Window Replacement Roof Replacement

 

Home Remodeling Projects $30,000 - $50,000

  Raleigh, NC Area South East Region Nationwide
#1 Attic Bedroom Remodel / Addition Attic Bedroom Remodel / Addition Composite Deck Addition
#2 Bathroom Remodel Bathroom Remodel Roof Replacement
#3 Bathroom Addition Composite Deck Addition Bathroom Addition

 

Home Remodeling Projects $50,000 - $70,000

  Raleigh, NC Area South East Region Nationwide
#1       Basement Remodel      Basement Remodel  Attic Bedroom Remodel / Addition
#2  Kitchen Remodel  Kitchen Remodel  Basement Remodel
#3  Garage Addition  Garage Addition  Kitchen Remodel

 

Home Remodeling Projects $70,000 - $100,000

  Raleigh, NC Area South East Region Nationwide
#1 Master Suite Addition Master Suite Addition Family Room Addition
#2 Family Addition Family Room Addition Garage Addition
#3 Garage Addition Bathroom Addition Bathroom Addition

 

Home Remodeling Projects $100,000+

  Raleigh, NC Area South East Region Nationwide
#1 Two-Story Addition Two-Story Addition Two-Story Addition
#2 Upscale Kitchen Remodel Upscale Kitchen Remodel Master Suite Addition
#3 Master Suite Addition Master Suite Addition Upscale Kitchen Remodel

 

Give it to me Straight - Home Remodeling ROIs Top to Bottom

With no frills or complications included, the following table lists the top 10 home remodeling projects by ROI percentage. If you’re looking for the Raleigh home remodeling project that will put the greatest percent of your money back in your pocket, here’s your answer – and you can compare the list to the rest of our region, and the country!!

  Raleigh, NC Area South East Region Nationwide
#10 Kitchen Remodel Major Kitchen Remodel Composite Deck Addition
#9 Two-Story Addition Two-Story Addition Major Kitchen Remodel
#8 Roof Replacement Midrange Kitchen Remodel Basement Remodel
#7 Wood Window Replacement Attic Bedroom Remodel / Addition Attic Bedroom Remodel / Addition
#6 Attic Bedroom Remodel / Addition T-5: Vinyl Window Replacement T-5: Vinyl Siding Replacement
#5 Upscale Vinyl Window Replacement T-5: Vinyl Siding Replacement T-5: Wood Window Replacement
#4 Midrange Kitchen Remodel Wood Deck Addition Upscale Vinyl Window Replacement
#3 Wood Deck Addition Upscale Vinyl Window Replacement T-2: Wood Deck Addition
#2 Fiber-Cement Siding Replacement Basement Remodel T-2: Midrange Kitchen Remodel
#1 Basement Remodel Fiber-Cement Siding Replacement Fiber-Cement Sidign Replacement

 

The X Factor: Home Remodeling ROI Before you Sell

 Of course the one part of home remodeling– and it just happens to be the best part, if you ask most homeowners – is the return you see on your investment before you move out. That is, the improved livability of your home that only you and your family can put a number on (think Mastercard commercials: Priceless). Obviously, the more time that passes between the completion of your home remodeling project and the sale of your home will affect you ROI percentage, and the same is true of your pre-move-out ROI. The longer you live in your upgraded space, the more use and enjoyment you’ll get from it, and thus the more you’ll get for your money. Any way you look at it, home remodeling is a great way to improve your lifestyle; financially, on a day-to-day livability basis, and in most cases, both.


*All information in this report was extracted from home Remodeling Magazine’s 2010-11 Cost Vs Value Report
 

 

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