February 2, 2015
Report says ‘replacement’ projects
have highest resale value in 2015
With the economy improving, so is the home remodeling market. A new report from the Joint Center for Housing Studies of Harvard University finds that strong demand for remodeling could push spending on home improvement to record levels this year, according to CNBC.
If you’re remodeling with the outlook of improving your home before selling it, the smaller “replacement” projects are the ones that will end up with the higher resale value, according to the Value Report produced by the National Association of Realtors and Remodeling magazine. Those projects include:
- Steel door replacement.
- Garage door replacement.
- Wood window replacement.
- Minor kitchen remodel.
“Smaller replacement projects, particularly those that enhance curb appeal, remain the most cost effective way for sellers to improve value,” the NAR said.
If you’re wondering what you should tackle before you list your home for sale, an AmeriSpec pre-sale inspection can help. A pre-sale inspection identifies potential areas of concern, which you can address at your own pace, at your own cost. This will help make negotiations smoother when you do sell your home.
For more information or to set up an appointment, please call AmeriSpec at 402-393-3696 in Omaha or 402-483-2010 in Lincoln. We’ll be happy to help you get started.