
NAR's 2007 Remodeling Cost VS. Value Report Is A Guide, Not Fact
Information for SellersSince 80 percent of housing inventory was built before 1980, it's useful to know regional attitudes toward remodeling.
The Editor's note: "The National Association of Realtors is a partner in this research and publishes a feature story each year in Realtor Magazine. The Cost vs. Value Report is copyrighted by Hanley Wood LLC via Remodeling magazine.
But, what's desirable in Dallas may be a waste in Washington.
With buyers driving by homes for sale, this year it's all about curb appeal. Three of the four projects that returned the highest amount at resale were exterior upgrades:
The least profitable projects were a back-up power generator, sunroom addition, and home office remodel.
Before homeowners commit to a remodeling project, they should consider the following:
Homebuyers should improve what's important to them and what makes the home more functional, but they also should consider what's important to homebuyers. Before you put in that swimming pool, consider that the next buyer may not want the upkeep.
Updates are necessary, but choosing the right projects may make the difference in whether your home sells at all. Copyright © 2007 Realty Times. All Rights Reserved.