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Remodeling That Pays
Upgrading your home is always appealing, but which enhancements really get you a good return for your money when it’s time to sell? The 2003 Cost vs. Value Report by Remodeling magazine and REALTOR® Magazine has the answer.
To see the complete article, visit http://www.realtor.org/rmomag.NSF/pages/costvaluedec03.
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2003 |
2002 |
Variance |
| Bathroom Remodel |
|
|
|
| Midrange |
89.3% |
87.5% |
1.8% |
| Upscale |
92.6 |
91.0 |
1.6 |
| Bathroom Addition |
|
|
|
| Midrange |
95.0 |
94.2 |
0.08 |
| Upscale |
84.3 |
81.4 |
2.9 |
| Major Kitchen Remodel |
|
|
|
| Midrange |
74.9 |
66.6 |
8.3 |
| Upscale |
79.6 |
79.8 |
-0.2 |
| Master Suite |
|
|
|
| Midrange |
76.4 |
75.1 |
1.3 |
| Upscale |
76.9 |
76.8 |
0.1 |
| Family Room |
|
|
|
| Midrange |
80.6 |
79.5 |
1.1 |
| Deck |
|
|
|
| Midrange |
104.2 |
N/A* |
N/A* |
| Basement Remodel |
|
|
|
| Midrange |
79.3 |
78.7 |
0.6 |
| Siding Replacement |
|
|
|
| Midrange |
98.1 |
79.1 |
19.0 |
| Window Replacement |
|
|
|
| Midrange |
84.8 |
73.8 |
11 |
| Upscale |
87.0 |
77.0 |
10 |
| Attic Bedroom |
|
|
|
| Midrange |
92.8 |
N/A* |
N/A* |
Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®
Copyright 2004. All rights reserved. www.REALTOR.org/realtormag
Dearborn Heights
Price: $14900
Great rental or fitst time home buyer. Many updates incl electrical, Hdwd floors, ceramic in kitchen, Large shed in yard for storage, Part fin bsmt. Spacious kitchen w/eat-in area. Please call L/A for appt. Buyer to assume city certs.
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River Rouge
Price: $43500
CUTE AS A BUTTON. FIRE IN HOME 7 YEARS AGO; INSURANCE REHAB - COMPLETELY REMODELED FROM TOP TO BOTTOM IN 2006. GORGEOUS HARDWOOD FLOORS, BEAUTIFUL KITCHEN, UPDATED BATH. 24 HOUR NOTICE FOR SHOWINGS PREFERRED, SELLER MUST BE PRESENT.
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