Tagged: cost

Renovation costs vs. value

Marlboro NJ homeowners should consider the potential change in the value of their real estate versus the cost of particular changes before performing any work. Some upgrades are more effective than others in raising the value of a property. Below is guidance on Marlboro NJ home renovation costs versus value.

Marlboro NJ Home Renovation Costs Versus Value

Home owners often aim to redeem the full amount of money spent on work when they go to sell their property. This is a expected tendency, but unfortunately, it is not supported by what is seen in the marketplace. Different property changes add different value to a home, and that change in value can vary in different regions. To give you a general idea on home renovation costs versus value, below are some national averages.

2011-2012 Averages

The figures below are from the Remodeling Magazine Cost vs. Value Report.

Improvement Amount Spent Increased Home Value Percentage of Cost Achieved
Roof Replacement 21,204 12,257 57.8 percent
Garage Addition 57,824 33,089 57.2 percent
Bathroom Remodel 16,552 10,293 62.2 percent
Family Room Addition 83,118 50,004 60.2 percent
Entry Door Replacement 3,536 1,990 56.3 percent

Analyzing Home Renovation Costs Versus Value

Another factor influencing the value of renovations is whether it is a mid-range or up-scale project. Kitchen updates, for example, can be performed on the low end or the high end and each will achieve a different figure. So, not only should you consider the type of repair but also the brands and quality of materials. For a broad list of home upgrades, a comparison of mid-range versus high-end projects, and detailed current Marlboro NJ home renovation costs versus value, visit http://www.costvsvalue.com.

You may reach me, Sujatha Bhaskara, at Keller Williams Realty via phone at 732-536-9010 or by email at sbhaskara@optonline.net with any further questions on Marlboro NJ Home Renovation Costs Versus Value. Never hesitate to contact me with any of your real estate questions! For more information on selling your home in Marlboro NJ, please visit http://www.bestinnjrealestate.com/sell/