Christian Real Estate Professionals : Cost-Effective Projects for Charlotte Home Sellers

Cost-Effective Projects for Charlotte Home Sellers

 

Cost-Effective Projects for Charlotte Home Sellers

According to Remodeling Magazine’s 2010-2011 Remodeling Cost vs. Value Report, nine out of the top 10 most cost-effective projects (based on value recouped) are exterior replacement projects.  Here are the four most cost-effective exterior replacement projects:

 

  • Seller Awareness1 Most Cost Effective Projects for Charlotte Home SellersSteel entry door replacement: This project returned the most money, with an estimated 102.1 percent of cost recouped when the Charlotte homes were resold.  It’s the only project in this year’s report that is expected to return more than the cost.
  • Midrange garage door replacement: This is the first year this project ranked high enough to make it into the report.  It’s expected to recoup 89.9 percent of costs.  According to the report, a “midrange” price for a garage door replacement is about $1,200. 
  • Siding replacement: This project is expected to return more than 70 percent of costs.   The most cost-effective siding project was upscale fiber-cement siding replacementrecouping 80 percent of costs.
  • Window replacement: This project ranked the same as siding replacement with a return of more than 70 percent of costs.   Covered, upscale vinyl window replacements were expected to recoup the most with a 72.6 percent return upon resale of Charlotte homes.

According to the 2010-2011 Remodeling Cost vs. Value Report, replacement projects usually outperform remodel and addition projects in resale value because they are among the least expensive and contribute to curb appeal.

 

Since resale value can vary by region, it is smart for Charlotte home sellers to work with a Charlotte real estate agent through the remodeling and improvement process.  An agent can provide insight into projects in his or her neighborhoods that will recoup the most when the owners are ready to sell.

Want help identifying the improvement projects that will recoup the most value when you sell your home?  Give me a call or email me today; I’m happy to help guide you in the right direction.


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Information

Debe Maxwell, CRS, Realtor®/Broker
The Maxwell House Group
1920 E. 7th Street
Charlotte, NC  28204

Mobile:  (704) 491-3310
Fax:        (704) 353-7014
Email: debe@debemaxwell.com

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Comment balloon 6 commentsDebe Maxwell, CRS • May 14 2011 10:47PM

Comments

Debe

Thanks for sharing your thoughts on cost-effective projects for home sellers.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) over 7 years ago

Improving on the exterior of your home helps make that "great "first impression" and entices them to want to come in and look fruther.  Of all  the improvements that made it to the top four list, the garage door replacement is the one that surprised me. 

Posted by Lora "Leah" Stern 914-772-4528, Real Estate Salesperson (Coldwell Banker, 170 N Main Street, New City NY 10956) over 7 years ago

Nice list Debe! I would also add - even if replacing the garage door doesn't return the whole value, it can certainly make it easier to sell the home if the current one is in serious disrepair.

Posted by Allen 2222 over 7 years ago

So many sellers make the mistake of doing things that don't bring a return when selling a home. Many of them think there is a better than 100% return which of course is crazy!

Posted by Bill Gassett, Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) over 7 years ago

Debe ...Not only are they cost effective ...but it shows pride of ownership !

Posted by San Antonio Texas New Homes for Sale (www.sanantoniotexasnewhomesforsale.com) over 7 years ago
Nice topic, along the coast here older wood framed windows typically reveal lack of energy efficiency and almost always some evience of rotting wood.. installing vinyl sash windows allows a buyer to feel at ease with older homes and maintenence issues.
Posted by Michele Connors, Your Eastern North Carolina Realtor (The Overton Group, LLC Pitt & Carteret County) over 7 years ago

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