– Sponsored By GAF – If your goal is to spend tens of thousand of dollars on improvements that do little to increase the value of your home, then you should stop reading this article and head over to Google “Pokemon Go”For the latest updates on distracted players’ misfortunes, subscribe to Remodeling magazine’s annual Cost vs. Value Report for 2016. Remodeling magazine’s annual Cost vs. Value Report 2016 is a must-read if you care.
Are you still here? You think so.
Let’s get started by acknowledging perhaps the most important takeaway of the report: All academics, real-estate professionals are right to “tout the value of projects that promote curb appeal.”You’ll find out why your money isn’t being spent well.
* Worth it: a new front door.
For a steel one, you can expect returns of 91.1 percent while for a fiberglass one, 82.3 percent. This is a higher-end (and more expensive) option. You can give your door a new look by painting it.
* Not worth it: upscale bathroom remodeling.
Many people may believe everyone has the same dream of a large bathroom with a whirlpool tub and heated towel bars. Patsy O’Neill is a Sotheby’s Montclair sales associate. “You could spend $60,000 or so on it, and it still might not suit a buyer’s taste.”It is also one of the most volatile investments.
* Worth it: fiberglass attic insulation.
This is a huge victory for the greenies. The magazine agreed to include an energy efficiency project and it was able to recover 116.9% of its costs.
* Not worth it: composite deck addition.
Another was Alaska, which did not skew the results. Sometimes even the coolest upgrades might not be right for a particular area. “You can turn your house into a palace, but the payoff will be small if it’s the only mansion on the block,” Craig Webb, Remodeling’s editor-in-chief, tells Time.com.
* Worth it: a new roof.
“Buyers pay a premium for one already in place,”Credit.com. No kidding. It’s a perennial Remodeling magazine A-lister. Your roof is the ultimate curb appeal enhancement when you consider that prospective buyers see your roof before they even get out of their cars.
You can also make your own if you like. “Twister”? “It’s a huge turn-off,” says O’Neill, “and makes buyers predisposed to find even more things they don’t like.”The roof replacement service is available for your roof. Value Collection Lifetime Designer ShinglesGAF (gaf.com) is North America’s largest roofing company. These shingles have the look and feel of luxury shingles, but at a very reasonable price. Remember: You don’t have to be afraid of a new roof. “negotiating tool”Credit.com assures buyers it is.
You can watch the video here.
* Not worth it: an upscale master suite.
The same “taste”Despite the issues, this is yet another costly miss. Returns of just half your investment are unacceptable.
