The return on remodeling jobs is consistent with the rise and fall of home prices in the North of Boston area, but now may be a great time to pull out those plans. Whether you’re looking to attempt a smaller ‘Do-it-Yourself’ updating project or hire a professional to undertake a larger task, the cost of materials continue to fall, as do contractor fees, creating a great scenario for home owners that are looking to upgrade, repair, replace, or add on.

When considering which jobs to place priority on, consider what is more essential and what will recoup the most value when you are in a position to sell.  The wisest improvements to make in this economic climate are not based on the top of your personal wish list, but what your home truly needs, and what you will benefit the most from both functionally and financially.

Sure, granite counter tops and hardwood flooring bring great appeal to the aesthetics of your home, but if you’ll soon be due for a new roof, don’t overlook that essential in favor of the glamour.  

Recent studies show that siding replacement, bathroom remodels, deck additions, and kitchen remodels of any magnitude will recoup more value than other in-home renovations.  To really get bang for your buck, focus on minor updating whenever possible, rather than a complete overhaul from beams to paint.  

With a number of professionals in construction competing for jobs, you have the ability to price shop and negotiate.  Let the contractors know that you’re comparing prices and looking for a fair price, but also consider quality and go with a trust-worthy professional that holds great references.   

Contact me anytime for real estate tips and advice!

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