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Remodeling That Pays
Upgrading your home is always appealing, but which enhancements really get you a good return for your money when it’s time to sell? The 2003 Cost vs. Value Report by Remodeling magazine and REALTOR® Magazine has the answer.
To see the complete article, visit http://www.realtor.org/rmomag.NSF/pages/costvaluedec03.
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2003 |
2002 |
Variance |
| Bathroom Remodel |
|
|
|
| Midrange |
89.3% |
87.5% |
1.8% |
| Upscale |
92.6 |
91.0 |
1.6 |
| Bathroom Addition |
|
|
|
| Midrange |
95.0 |
94.2 |
0.08 |
| Upscale |
84.3 |
81.4 |
2.9 |
| Major Kitchen Remodel |
|
|
|
| Midrange |
74.9 |
66.6 |
8.3 |
| Upscale |
79.6 |
79.8 |
-0.2 |
| Master Suite |
|
|
|
| Midrange |
76.4 |
75.1 |
1.3 |
| Upscale |
76.9 |
76.8 |
0.1 |
| Family Room |
|
|
|
| Midrange |
80.6 |
79.5 |
1.1 |
| Deck |
|
|
|
| Midrange |
104.2 |
N/A* |
N/A* |
| Basement Remodel |
|
|
|
| Midrange |
79.3 |
78.7 |
0.6 |
| Siding Replacement |
|
|
|
| Midrange |
98.1 |
79.1 |
19.0 |
| Window Replacement |
|
|
|
| Midrange |
84.8 |
73.8 |
11 |
| Upscale |
87.0 |
77.0 |
10 |
| Attic Bedroom |
|
|
|
| Midrange |
92.8 |
N/A* |
N/A* |
Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®
Copyright 2004. All rights reserved. www.REALTOR.org/realtormag
6216 LODEWYCK ST Detroit
Price: $20000
Short Sale! Offer already up to the bank. Beautiful home, well maintained. Owners must be present for all showings, after 6pm only please.
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7627 N INKSTER RD WESTLAND
Price: $24900
LIVONIA SCHOOLS! Easy Access to Expressways! Large Rooms and neutral colors throughout. Just a few touches needed to make it your own! All new in early 2000-furnace, windows, steel doors, copper plumbing, breakers, roof tear off and remodeled bath with shower and tub. Nice Yard Too-Fully Fenced with 2 1/2 car detached garage. All offers and commissions are subject to 3rd party approval, short sale, cooperative Seller. Make an Offer!!
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