Inexpensive Exterior Remodeling Can Benefit The Sale
The smartest home improvement investments may also be some of the least expensive. For the third year in a row, results from the 2009 Remodeling Cost vs. Value Report show small-scale exterior projects are the most profitable at resale, according to estimates by real estate who completed a recent survey.
Nationally, eight out of the top 10 projects in terms of costs recouped were exterior replacement projects that cost less than $14,000. Certain types of door and siding replacements, as well as wood deck additions, all returned more than 80 percent of project costs upon resale. A steel entry door replacement recouped 128.9 percent of costs, followed by upscale fiber-cement sliding replacements at 83.6 percent. Wood deck additions recouped 80.6 percent of costs.
