Welcome to the AllIdahoFallsRealEstate.com Blog

2018-04-04 10:50:03
Is Remodeling Worth the Effort for Resale?

At some point during the chaos of every remodel, one question is asked. “Is it worth it?” Is it worth the upheaval? Is it worth the cost? Most importantly, is it worth the effort when it comes time to sell?

The answer: it depends on a few things.

It depends on where you live and what you choose to remodel. For example, the West Coast sees a higher return than does the Mid-Atlantic, according to CNBC.

With regard to specific projects, the 2018 cost-vs.-value report from Remodeling Magazine shows that smaller upgrades vs. larger remodels get you the most bang for your buck.

According to the report, those who remodel on a massive scale should expect a return of 56%. This is less than the steady return of 64% over the past two years.

Why the ? Webb, the editor of Remodeling Magazine, believes it is because some real estate professionals suspect their local market may be reaching its peak. He explains, “Consequently, spending a lot of money does not automatically mean your house will just ride the escalator up and be worth a lot more.”

So, if you are planning a remodel in 2018, the rule of thumb is to keep it simple. Forgo a major kitchen overhaul for a simple upgrade that could recoup you 81.10% vs. 53.50%.

  

Instead of building that addition to the master suite (ROI 48.3%), consider something with more curb appeal, such as a new garage door (ROI 98.3%), manufactured stone veneer (ROI 97.10%), or a wood deck (ROI 83%).

When asking yourself if all the effort is worth it, keep your real estate agent in mind. This professional knows your market inside and out and can best advise you on whether your potential remodel will achieve the return you desire. Seek his or her input before starting your next project.

For more great ideas!  Just give us a call!

The Cindy Bates Group @ Keller Williams East Idaho

Office 280-227-5321 

Cindy Bates 208-227-5321 * Shalan Hyde 208-716-5480 * Zac Keating 208-313-1180

 

https://allidahofallsrealestate.com/index.html

aho

 
Blog Archive
2019-02-21 11:58:34
How To List Your Home for the Best Price

2019-02-19 14:53:39
Greater Idaho Falls Association of Realtors MARCH BLOOD DRIVE

2019-02-18 13:26:32
Millionaire To Millennials: Don’t Get Stuck Renting A Home… Buy One!

2019-02-15 10:18:25
Why Homeownership Matters Now More Than Ever

2019-02-14 11:16:28
Pre- Foreclosures on Zillow

2019-02-12 11:59:42
Thinking of Selling Your House in Idaho Falls? This is a Perfect Time!

2019-02-08 09:24:20
The Cindy Bates Group is Here for You!

2019-02-07 14:59:23
Why you Shouldn't FSBO

2019-02-06 11:38:31
Why It Makes No Sense to Wait for Spring to Sell

2019-02-05 10:54:50
Whose Mortgage Do You Want to Pay? Yours or Your Landlord’s?

2019-02-01 10:27:08
5 Reasons Idaho Falls Homeowners Throw the Best Super Bowl Parties!

2019-02-01 09:33:07
Idaho Falls, Do You Know How Much Your Home Has Increased in Value?

2019-01-30 10:53:44
Is Student Loan Debt A Threat to Homeownership? No!

2019-01-29 09:18:14
Tuesday Tid Bit! It's not too late! Jan 31, Feb 1

2019-01-28 16:19:37
Think You Should For Sale By Owner? Think Again!

2019-01-24 09:24:16
3 Things You Need in a Shifting Real Estate Market

2019-01-23 10:45:23
Do You Prefer the Charm of an Existing Home?

2019-01-22 09:47:32
Buying a Home Young is the Key to Building Wealth

2019-01-21 20:21:40
The Difference Having a Professional on Your Side Makes

2019-01-18 09:24:53
What is the Cost of Waiting Until Next Year to Buy?

2019-01-17 11:31:14
Where is the Housing Market Headed in 2019?

2019-01-16 15:21:10
Is the Recent Dip in Interest Rates Here to Stay?

2019-01-15 15:04:55
Tax Time is Upon Us

2019-01-14 22:31:46
Buying a House This Year? This Should Be Your 1st Step!

2019-01-11 12:36:18
Homeownership Remains a Huge Part of the American Dream

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.