What remodelling will pay me back?

When thinking about doing a remodelling project on your home its important to see what is going to make your time in your home more enjoyable and create a better feeling in the home... as well as what that project will bring you when you decide to sell the home.

Every year there are companies that do surveys and studies to find out what jobs will bring a seller the best return on their investment and which 'seem like they would yet actually fail to bring in additional money when the home is sold. Some jobs you will do just because you want to do it... so do it... and if you are concerned about what the job will net you when you sell then take a look at the list of cost vs. value that has been completed for 2007.

I will just add in a few excerpts from the list because the list is long and you can look at it yourself but I think there are a few jobs that many people think will bring them BIG BUCKS but in the end they are really something that the next buyer might want to get rid of when they buy the home so they truly add NO VALUE to the home in the eyes of a buyer.

The trick is to do remodelling that will appeal to the type of buyer who would buy your home. If you can make it so that it appeals to your taste while being able to adjust it when you plan on selling to the tastes of a buyer would be your ideal remodelling to do.

Here are a few jobs that peaked my interest due to the return on investment.

ex. ) Job / Avg. Cost / Avg. Resale Value / % Cost Recouped

1) A bathroom addition / $83,573 /$70,254 /84.1%

2) A MAJOR kitchen remodel / $117,254 / $104,241 / 88.9%

WHILE ....

3) A minor kitchen remodel / $22,698 / $23,494 / 103.5%

4) A Wood Deck Addition / $12,812 / $13,836 / 108%

5) Sunroom Addition / $78,055 / $54,164 / 69.4%

Looking at these numbers you can see that there are a lot of jobs that most people think will increase the value of their home tremendously while in reality they don't do as much as you would think. The entire list is available from http://www.remodeling.hw.net/costvsvalue/losangeles.html

The website is very helpful in helping you decide what jobs to do... how to do them and to also decide how much you should be paying for the work. If you want other websites for helping with getting yourself to a larger home go to http://www.iwantabiggerhouse.com/

Also, I saw on one REALTOR'S personal website he had things about remodelling on his site. It was on http://www.therockstarrealtor.com/. That's all I have for today... enjoy....