Dave Harbison's Long Beach CA Real Estate Update: Top 6 "Big-Bang For Your Buck" Remodeling Projects

Every year, the National Association puts out a survey of projects the provide a good and not so good investment into your home.  The goal is to provide insight and optimum use of space inside and outside your home that will not only attract buyers but also provide the best return for your investment.

Since these numbers are national, not local in nature, one or more of these projects may not apply to your situation.  In our neighborhoods of Long Beach, the tendancy to provide great curb appeal coupled with upgraded kitchens and bathrooms.  On the other hand, many first time buyers look to jump head first into fixer homes that provide an opportunity that allows them to mold their vision. So, remodelling may put a stamp on your vision but turn off potential buyers willing to pay top dollar to do it themselves.  The best advice I can give is to consult your inner circle of firends and your Realtor to get insight and advice on best plan of action.

Here are the top 6 "Big-Bang" return for your dollar remodeling projects:

                    

1. Siding Replacement
   Cost = $ 13,431
   Return = $ 10,493
   ROI = 78.0%

2. Entry Door Replacement
   Cost = $ 1,238
   Return = $ 903
   ROI = 73.0%

3. Attic Bedroom Addition
   Cost = $ 50,148
   Return = $ 36,346
   ROI = 72.5%

4. Kitchen: Minor Remodel
   Cost = $ 19,588
   Return = $ 14,120
   ROI = 72.1%

5. Low-End Garage Door Replacement
   Cost = $ 1,512
   Return = $ 1,087
   ROI = 71.9%

6. High-End Garage Door Replace
   Cost = $ 2,994
   Return = $ 2,129
   ROI = 71.1%

These estimated costs and returns were derived from a survay of more than 3,000 Realtors conducted June-Sept 2011.

There are plenty of projects that will help you increase the value of your home.  Making the "right" choices however, will get you the MOST money over time.


--- Dave Harbison Long Beach REALTOR® Main Street Realtors (562) 618-9770 --- Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert ---

Labels: Belmont Heights, home improvements, Long Beach, Park Estates, remodel, Remodeling projects, Repairs, Return on Investment