The Lawhead Team would like to share the projects that have the greatest and the least return on investment from the latest One Cool Thing. 

Here’s a look at the projects with the greatest and least return on investment in 2017. Typically, the 29 projects on this year’s report paid back an average of 64.3 CENTS on the dollar in resale value.

Top 5 projects with the GREATEST ROI in the “upscale” cost category:

• 85% – Garage door replacement
• 77.8% – Entry door replacement (fiberglass)
• 73.9% – Window replacement (vinyl)
• 73% – Window replacement (wood)
• 70.1% – Grand entrance (fiberglass)

Top 5 projects with the LOWEST ROI in the “upscale” category:

• 61.9% – Major kitchen remodel
• 59.9% – Master suite addition
• 59.1% – Bathroom remodel
• 57.1% – Bathroom addition
• 56.4% – Deck addition (composite)

Source: Remodeling Magazine, Cost vs. Value Report

The Lawhead Team would like to share the latest “One Cool Thing” from the California Association of Realtors on home projects that get the most return on investment.

When considering making a change to a home, most homeowners look at the cost of the improvement compared with the value it is likely to bring when the home is resold.

Here is the return on investment, as estimated by Realtors® of 10 projects:

1. Entry door replacement (midrange) 101%

2. Manufactured stone, veneer (midrange) 92.2%

3. Garage door replacement (midrange) 88.5%

4. Siding replacement, fiber cement (upscale) 84.3%

5. Garage door replacement (upscale) 82.5%

6. Siding replacement, vinyl (midrange) 80.7%

7. Deck addition, wood (midrange) 80.5%

8. Minor kitchen remodel (midrange) 79.3%

9. Window replacement, wood (midrange) 78.8%

10. Siding replacement, foam-backed vinyl (upscale) 77.6%

Source: Remodeling Magazine and the NATIONAL ASSOCIATION OF REALTORS® CostvsValue Report

The Lawhead Team would like to share with you some top ROI home remodel projects that will help you get the most bang for your buck.

Building a bigger and better kitchen, bath or bedroom will help you get the most return for your remodeling job money.  According to Remodeling Online’s latest Cost Vs. Value Report, homeowners who updated and expanded their most frequented rooms enjoyed the best ROI for their home remodels.

This report is a result of responses from 300 real estate professionals in 60 markets nationwide.  When asked what level of ROI a given remodeling job would provide if the house was sold within a year of the work, kitchen and bath remodels along with second-story, bath, family room and master suite additions were rated tops.

Curb Appeal – This is the impression your home’s exterior conveys.  Curb appeal is what will get a prospective buyer inside to see your new master suite and remodeled kitchen you just completed.

Excellent Work – Make sure to get referrals to licensed contractors that specialize in the work you need completed. Interview several contractors and keep in mind you should go for quality over cost.  Just because a contractor has the lowest bid, doesn’t mean he’ll do the best work.

Remodel to Existing Standards – If you remodel your kitchen so it is above standard compared to the other houses on your block, your home may sell faster and at a better price than comparable homes with the original kitchen work, enhancing your ROI.

Newness and spaciousness are key.  Take a look at what gives you the top returns for your money if the remodel is done within a year of the house being sold:

Source: Remodeling Online/Hanley-Wood.