Be careful What You Spend on Remodeling

Take a look at the cost vs. value when taking on a Lehigh Valley Home remodel project

Be careful what you spend these days when you are thinking about remodeling your Lehigh Valley house.  Home values are down and so are the recovered costs of remodeling.  In 2005, at the peak of the real estate market, approximately 87% of the cost of a remodel would be recouped in the sale of a home.  Today’s real estate market is recovering approximately 64% of the remodel costs.  Everybody is watching their wallets, so if you are considering a remodel think carefully.

While remodel costs are down it is important to remember that home values are down too.  Unless you want to stay in your home for a long time you cannot count on recovering costs of a major remodel. Carpet and paint are always a great thing to do if considering selling a home but make sure to keep them neutral in color. More extensive projects will probably not net a higher selling price versus the cost of doing them. 

The most cost effective remodel items today are: Roofing, siding, windows, and doors.  Similarly, redoing a basement or attic is recommended instead of adding an addition.  These items are recommended because a Lehigh Valley Home Seller will recoup a greater percentage of the cost when they sell their home.

For more information on current cost versus value click here.