Monday, July 22, 2013
Write A Review, Win $500
We have been reviewing Remodeling Magazine's annual survey list of home improvement projects. These are the next group of projects in order of Return On Investment and a few additional comments from the experts at HGTV. It's hard to decide which project to undertake first, isn't it?
#11 Family Room Addition
Average return at resale: 83 percent
•The average family room addition costs $54,464 and adds $45,458 at resale, a recoup rate of 83 percent.
◦If you're selling, know your target market and decorate to please them. Families use bonus rooms differently than empty-nesters and singles. Bonus rooms can be used as additional bedrooms, home offices, media rooms, and family rooms. (NOTE: if you want the room to "count" as a bedroom, it needs to have a closet.)
•Scale your window treatments to your room size.
•Hardwood floors are hotter than ever. If you live in an older (pre 1970s) home, you may have hardwood floors under the carpet. If so you can pull up the worn carpeting and refinish the old floors to let the wood shine. Sanding hardwoods is physically demanding and if you do it wrong, you ruin the floor. Hire a pro!
#15 Living Room Updates-Walls and Floors
•Buy a new wood or stone mantel for as little as $500