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Below is a chart outlining the cost and estimated return on home improvements should the home be sold a year later. This report is based on data from the Cost vs value 2004 report, originally printed 11/2004, by Remodeling Magazine & Realtor Magazine. 

    PROJECT                                Job Cost                Resale Value                           Return                   
Bathroom Remodel                          $10,291                         $ 9,359                              90.9%
Kitchen Remodel                             $14,525                         $13,362                             92.0%                  
Window Replacement                      $ 9,599                          $ 7,824                              81.5%          
Finishing Basement                         $49,595                         $29,618                             59.7%                  
Siding Replacement                         $ 6,506                          $ 5,769                             88.7%                  
Roof Replacement                           $10,997                          $ 7,962                             72.4%                  
Deck Addition                                 $10,838                          $ 7,606                             70.2%                  
Family Room Addition                     $53,312                          $39,834                             74.7%                  
Attic Bedroom Addition                   $38,273                           $29,191                            76.3%                  
Home Office Remodel                     $13,065                           $ 8,859                             67.8%                  

Keep in mind, while you typically don't get 100% return on your money there are other benefits to making a home improvement. You get to enjoy the improvement plus when it's time to sell it can make a difference between your home selling or not.

For example, kitchens and baths are a very important selling feature in a home.  If yours is outdated or worn, buyers looking at your home may not be able to visualize how nice they could be if they were to buy the home and make the improvement themselves.  So even if you won't recoup 100% of the cost it may be just what you need to get your home sold quicker and for more money.

Other factors should be taken into consideration when deciding whether or not to remodel. It may be harder to get a return on your improvement if you over improve your home. If you are thinking about selling your home soon and you're not sure if making the improvement is a good idea; 
contact Petra at 614-895-0496, for advice. Petra works with many buyers and has the experience and expertise to know what will make a difference to the buyer for your home too.

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