DO HOME IMPROVEMENTS ADD RESALE VALUE???????????

Your neighborhood isn’t getting any younger!  Yes time moves on.  Traditional wisdom says that when a neighborhood reaches about 20 years old the residents will begin to remodel or the neighborhood will go into “Blight“.  If your neighborhood is 20 years old you will notice quite a variety of sale prices for the same exact models depending on how much remodel work has been done.  Many home owners ask us what resale value will come from the money they spend.  Of course it depends on how well the work is done and where it is done.  Also are you doing the remodel for your personal long term enjoyment or for resale.

Minor Kitchen Remodel    Cost $9265       Resale $8333     90%

Major Kitchen Remodel     Cost $23,975    Resale $18,500  77%

New Windows                     Cost $7406       Resale $4666     66%

Bathroom Remodel             Cost $9631        Resale $5677     59%

For more information call the JonRon Real Estate Team