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Thinking of a remodeling project?

A big dilemma for many homeowners when deciding what remodeling projects to tackle is figuring out what will bring the most return for their investment.  Just in time, here is a report that might help you:  It’s called the Remodeling 2013 Cost vs. Value Report (www.costvsvaluereport.com). It’s focused on different regions of the country (like Pacific Region) and you can get reports for major cities (though not for Olympia).

The report breaks down mid-range and upscale remodels from an attic bedroom remodel to replacing the entry door to a new deck. You can get an idea of the cost as well as the percentage of return you may ultimately see when, or if, you eventually sell your home. Two items that topped the list of highest recouped cost were a new front door (steel) and a wood deck addition (for the Pacific Region) at 95% and 96.1% respectively.

The lower percentage of recouped costs items were a home office remodel (50%), a backup power generator (59.9%) and a sunroom addtion (51%).

A minor kitchen remodel is described in the report as updated a 200 sq. ft. kitchen with 30 linear feet of cabinets, only replacing the fronts and hardware; new energy efficient appliances, replacing laminate countertops and sinks with mid-priced replacements, as well as removing and replacing resilient flooring. Estimated costs for Seattle were $20,471 with a 91.6% return.

Under the category of Upscale renovations, a Master Bedroom Suite Addition provided the lowest return at 58.5% and Siding Replacement (fiber-cement) proved to have the highest return at 92.5%.

For more details, go to the Remodeling 2013 Cost vs. Value Report (www.costvsvaluereport.com) or contact me for a copy of the report.

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