Friday, December 14, 2007

getting your money back!

People often ask me where they should spend their money when they are considering home improvement projects. Common sense dictates putting your dollars where they'll reap the greatest reward upon resale. The latest report from the National Association of Realtors (NAR) reports that the highest payback for home improvements are exterior projects. The highest reporting items of cost vs. value (i.e. what you spend on a home improvement and what you get in return in resale value) is siding replacement (88%) , followed by a wooden deck addition (85%) , then window replacement (81%). A minor kitchen remodel returns the investment at 83%.

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