One of the aspects of remodeling or renovating your home is whether the project is a good investment. Most people want to know if they will recoup the costs of the renovation or remodeling when they sell their property.
The Appraisal Institute, the national organization of professional real estate appraisers, recently published an article indicating which renovations have the highest value added for the cost incurred. Click here for this short publication.
Their article is based on a country wide study by www.costvsvalue.com. This study, available online, lists the job costs and resale values of the 20+ most popular remodeling projects. The prices and resale values are given for both mid-range and upscale renovations.
The costs – and the resale value – of a renovation vary significantly throughout the United States, which makes this study so valuable. The Remodeling 2013 Cost vs. Value Report not only has national figures, but also the statistics for New England, and various subregions, such as the Manchester-Nashua NH area, the Boston-seacoast NH region, Central Massachusetts, etc.
Access to the statistics is free, and a detailed printout is available by registering with the website. For greater Nashua-Manchester’s report, click here. The publication for Rockingham County NH and Greater Boston is available on this webpage, and central Massachusetts information is available here.
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