Posted by: jimlyons | April 24, 2012

Home Projects with The Best $$$ Return

Spring has sprung and nowhere can this be seen or heard more loudly or seen more visually than in all the hammering, sawing and landscaping going on in our own neighborhoods. Spring-time of blooming trees, blooming flowers, children’s laughter, longer daylight hours and great weather! For some of us, however, it means keeping the promises you made to yourself and your significant other about that home improvement or update you’ve been dying to start or complete.
You want your home to look great from the outside but you know the interior could also use some updating. Maybe you’ve been really wanting a new kitchen or wanted to update the bathrooms or perhaps add that sun room but just aren’t sure which project you should tackle first or which one will return the most money when you go to sell your home. Let’s see if we can help.
According to the 2011 National Association of Realtors “Profile of Home Buyers and Sellers” survey, 73% of all buyers drove by the home they eventually purchased prior to visiting that property through an open house or with their agent. Curb appeal was a key factor in drawing the buyer into the home itself. A new front door or screen door can make a big difference in the appearance of your home and is relatively inexpensive. But some projects can cost significantly more and knowing the general cost and the return you might expect can be determining factors and aid in the decision making process.
To that end, Remodeling Magazine publishes an annual report, “cost vs value” that breaks down the specific home improvement costs and expected returns on the investment. It does this for both a “Mid Range” and “Upscale” remodeling project. Click on the logo below to download and view this report. Northern Virginia is considered to be a “South Atlantic” market and is also incorporated into the greater Wash DC market.

For those that might be considering selling your home in the very near future, here is a list of items that can be helpful in choosing the most impactful items for the greatest financial return and appeal when preparing your home for sale. Choosing the right upgrades and improvements can give you more time to enjoy all Spring has to offer-barbeques, baseball and possibly a cold beer!


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