Home Remodeling and Renovation Projects - A Cost vs. Value Added Report

     Most people who invest in remodeling projects are doing it because they want their home to be well-kept and usually they plan to stay to enjoy the improvements. But homes that have been maintained with home improvement projects almost always will yield a higher price, especially in a real estate market where re-sales are very active.

     Additionally, as commutes have lengthened along with an increase of two career families, there have been some changes in the types of remodeling jobs that are popular according to Remodeling Magazine. Today, home offices, master bedroom suites and finished attics provide the expansion room families want to spend comfortable time in their homes.

     Bathrooms and kitchens always have been good remodeling investments according to REALTORS®

who know that most buyers don't want the added worry of renovations after going through the hassles of purchasing a home and moving. Experienced buyers, particularly in metropolitan areas where real estate prices are more expensive, also look for structural soundness like a new roof, siding, mechanical systems and windows.

     The value of specific remodeling projects varies from region to region, but here is a look at Remodeling Magazine's 2005 cost vs. value calculations for the most popular remodeling projects in the Boston region.

                                              All figures above are based on 2005 data.  © 2005 by Hanley-Wood LLC.