Maximizing Your Home's Value
 
One of the benefits we offer our clients is advice on which remodeling projects bring the greatest added value at resale.  While our years of experience have taught us which improvements are valued most in this local area, we weigh that against regional and national averages to draw the most accurate, statistically-sound recommendations.
 
For our region, here's the average return on investment for some common projects:
 

Project

Cost

Average Payback

Add a new heating or
air conditioning system

$2,000 to $4,500

100% for heating;
75% for air conditioning

Minor kitchen remodeling

$2,000 to $8,500

94% to 102%

Major kitchen remodeling

$9,000 to $25,000

90%

Add a bathroom

$5,000 to $12,000

92%

Add a family room

$30,000

86%

Remodel bathroom

$8,500

77%

Add a fireplace

$1,500 to $3,000

75%

Build a deck

$6,000

73%

Remodel a home office

$8,000

69%

Replace windows

$6,000

68% - 74%

Build a pool

$10,000 and up

44%

Install or upgrade landscaping

$1,500 to $15,000

30% - 60%

Finish basement

$3,000 to $7,000

15%

Your specific return on investment will depend on the value of your home, value of similar homes in your neighborhood, the availability and pricing of new homes, and the rate at which property values are changing in surrounding neighborhoods.

Ultimately, a remodel can increase your equity when you sell.

Our goal is to net you the most money possible.

We will help you decide which specific projects will maximize your home's sale price.

 

KathyJENKINS
Keller Williams Beach Cities
Bus: (310) 643-5267 | Fax: (310) 421-0423
Office: 1601 Pacific Coast Hwy Hermosa Beach CA 90254
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