If you're looking to do some home improvement projects this year, sprucing up the outside of your home is going to give you the biggest bang for your buck, according to the 2014 Remodeling Cost vs. Value report released this month.
The report, an annual collaboration between remodeling magazine and REALTOR Magazine, compares the average cost for 35 popular remodeling projects with the value those projects retain at resale in 101 U.S. cities.
8 of the top 10 most cost-efficient projects nationally, in terms of value recaptured, are exterior projects.
There are many factors to consider, such as cost and time. Also you must decide which remodeling projects to actually do are a difficult decision for all homeowners. REALTORS know what home features are important to buyers in their area, but a home's overall appeal is crucial since it is the first impression for any potential buyers.
A steel entry door replacement is considered the biggest return on investment, estimating that 96.6% of the costs are recouped once the home is resold. This particular remodel project is consistently the least expensive in the annual Cost vs. Value Report, at around $1,100 on average.
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