My Remodeling Project Is Worth What in Resale Value?
If you’re considering a minor or major remodel for your home or commercial space, RemodelWerks is here to help you plan and execute your dream plans—every step of the way. One question that comes up often is, “What kind of return on investment can I expect from a remodel?” Good question, and one that certainly should factor into your decision on how far to go with renovating your space!
Fortunately, many of the most popular remodeling projects, such as attic renovations, generally reap solid financial rewards. For instance, transforming your dusty attic into a luxurious bedroom retreat on average could run you about $50,000 here in New England for 2012, according to Remodeling’s Cost vs. Value Report 2011-12. That’s about a $2,000 decrease in the job cost from 2011, yet an attic remodel yielded $36,346 toward a home’s resale value this year, meaning homeowners who opted to go with this type of renovation recouped 72.5% of their initial out-of-pocket costs (up from 70.6% in 2011).
This is just one example that illustrates the return on remodeling investment you may reap. But, the numbers only tell half the story. The years of enjoyment you, your family and your friends will reap from a beautiful, newly renovated and modern space is priceless!
RemodelWerks is Central Massachusetts’ premier design/build firm, available for all of your remodeling, custom home and commercial design projects. Contact us today for your free, no-obligation consultation about your attic remodeling wishes or any other projects you may be considering!