As we saw all last year and now into 2014 in the Greater
Raleigh area, home prices are moving upward! As the spring market begins to
heat up, sellers are getting their homes ready to be put on the market. As a seller tries to decide what the best home
improvements should be, the cost they could potentially recoup when selling
their home is a major factor in their decisions on what improvements to make. So what
improvements really give the best bang for a sellers buck? Every year a Cost vs Value Report is recreated by the
digital magazine Remodeling. Each
year, in conjunction with Realtor Magazine, Remodeling magazine evaluates and
report those home improvement projects that offer the best rate of return. Nationally, here’s their Top 5 List:
1. Entry door replacement (steel)
Estimated job cost: $1,162
resale value: $1,122
Cost recouped: 96.6%
2. Deck addition (wood)
Estimated job cost: $9,539
Estimated resale value: $8,334
Cost recouped: 87.4%
3. Attic bedroom
Estimated job cost: $49,438
Estimated resale value: $41,656
Cost recouped: 84.3%
4. Garage door replacement
Estimated job cost: $1,534
Estimated resale value: $1,283
Cost recouped: 83.7%
5. Minor kitchen remodel
Estimated job cost: $18,856
Estimated resale value: $15,585
Cost recouped: 82.7%
The Raleigh area is very comparable to the National List with a few additional remodeling projects to consider. Adding a Two-story addition may be a large remodel but it does offer an almost 70% value back at resale. Also, replacing that old siding with new will give you a 65.6% return. From Fuquay-Varina to Cary to Wake Forest, a home improvement will make the difference. Regardless of what improvements you decide to make in your home, remember that everyone's tastes are different so keep the improvements simple to appeal to a broader range of people and I'm sure that your renovation will be worth it!
Author:Johnathan Stroud Phone: 919-443-0200 Dated: March 24th 2014 Views: 11,516 About Johnathan: Johnathan is a native of North Carolina and currently lives in North Raleigh. His ambitious and goal...
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When it comes to providing the utmost in personal service to his clients, Peter Kima is on the cutting edge. This family man's demanding work ethic was passed on from his parents. His mother, a first generation German-American, forged a new life in a strange country. His father, who has not missed a day of work since 1972, led by example. Peter does not rest until he's done everything in his power to help you achieve your goals. As a husband and a father, his understanding of the importance of a family's home is reflected in his every move.
When Peter is not helping one of his clients, he can be found volunteering his time running a charity Lobster Bingo event, cooking burgers at the local Fire Station to benefit the children in the community, delivering dictionaries to every 3rd grade student in Wake County with his Kiwanis Club, collecting school supplies for the needy, or ringing the bell for the Salvation Army. His favorite pastime, however, is spending time with his wife, Jennifer, and their two sons, Cole (12) and Camden (9 going on 20!).
Peter has resided in Germany, California, Georgia, Indiana, Massachusetts, North Carolina, Oregon and Vermont. Having lived in North Carolina for over 10 years, Peter refers to North Carolina as home. Don't underestimate the value of Peter's moving experience. He and his team understand the rigors involved in making a family move. Rely on that experience to help you.
I have been helping buyers in the Raleigh Real Estate market for over
"Your most memorable moment::
He was willing to take my phone calls and answer any questions that I had.
The moment you'd rather forget?::
I couldn't have done what needed to be done with the house without Chad....he took the all the burdens off of me that he could....for that ...I appreciated it very much...this was my first time to buy a house...I didn't know what to do...Chad walked with me step by step....thanks Chad"