Owners Recoup More with Exterior Home Projects – Irvine Real Estate – Irvine Homes for Sale

by Robert Mack on December 19, 2010

in Latest News, Sellers

“This year’s Remodeling Cost vs. Value Report highlights the importance of exterior projects, which not only provide the most value, but also are among the least expensive improvements for a home,” said National Association of Realtors® President Ron Phipps, broker-president of Phipps Realty in Warwick, R.I. “Since resale value can vary by region, it’s smart for home owners to work with a Realtor®through the remodeling and improvement process; they can provide insight into projects in their neighborhoods that will recoup the most when the owners are ready to sell.”

Nine of the top 10 most cost-effective projects nationally in terms of value recouped are exterior replacement projects. The steel entry door replacement remained the project that returned the most money, with an estimated 102.1 percent of cost recouped upon resale; it is also the only project in this year’s report that is expected to return more than the cost. The midrange garage door replacement, a new addition to the report this year, is expected to recoup 83.9 percent of costs. Both projects are small investments that cost little more than $1,200 each, on average. Realtors® identified these two replacements as projects that can significantly improve a home’s curb appeal.

via ibtimes.com for the complete article

Great article for home owners looking to add some real value to their home! Most people focus so much of their attention on the interior of the home that they neglect the exterior, where in this case actually brings in more value at the end! Check it out….

Posted on Irvine Orange County Real Estate Market News

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