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Renovations with the best return on investment

 

Renovations with the best return on investment

POSTED BY administrator on Jul 30 under kitchen

Renovations with the best return on investment
News from Fox News:

Several years ago, when Steve Thomas was the host of “This Old House,” I recall he commented in an interview somewhere that during his antique home renovation in Salem, Mass., he included all the bells and whistles he wanted. He said that as he intended to stay in the house for many, many years it made sense for him. However, he cautioned anyone who thought they might be moving sooner rather than later to be careful not to price themselves out of the market when remodeling the house.

As it turns out, Steve sold the house after 24 years of ownership in 2010 for over a half-million dollars more than he paid for it. While antique homes are notorious cash drains, it’s still likely he made a considerable profit. And that was after the real estate crash.

For years, we’ve been reading articles about the Return on Investment (ROI) of remodeling projects when it comes time to resell. While the numbers vary a bit from year to year, or market to market, the overriding takeaway is that few projects will increase the bottom line market value of the property dollar to dollar. In other words, if one spends $ 50,000 on a new kitchen, it may only increase the property value by $ 40,000 (20 percent) or so. And this is assuming the potential buyers like what you’ve done with the renov…………… continues on Fox News

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Related News:

Tri-State Creations Launches Improved Website for Homeowners Seeking Home …
News from Virtual-Strategy Magazine:

More comprehensive content and resources for those looking for both exterior and interior home improvements.

Conshohocken, PA (PRWEB) July 30, 2012

Tri-State Creations, a full-service residential remodeling contractor located in Conshohocken, Pa., has just launched a new website – http://www.tristatecreations.com — to improve their online visibility and communications with consumers.

In an effort to serve the Greater Philadelphia Metropolitan area with superior home improvement services, Tri-State Creations has updated their website to include more content in the form of photo galleries, services offered, financing options and monthly promotions, offered exclusively through the website.

“Tri-State Creations has over 50 years of experience in providing and installing the highest quality remodeling and renovation projects,” said Richard Borish, co-owner. “With our updated site, our goal was to portray this experience, and educate potential customers of all of the services we offer, as well as the benefits.”

Tri-State Creations offers both exterior and interior home renovations, including kitchen, basement and bathroom remodeling, windows, roofing and siding replacement, deck and porch enclosures, and fencing, driveway and ma…………… continues on Virtual-Strategy Magazine

… Read the full article


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