Bennington homeowners should think about the potential change in property value compared to the expense of individual renovations prior to performing any work. Some updates are more profitable than others. The following is advice on Bennington property renovations worth the investment.
Bennington Property Renovations Worth The Investment
Property owners typically hope to recover the full expense ofwork when it comes time to sell. This is a natural tendency, but unfortunately it is not realistic. Different property improvements offer different returns, and that increase can differ based on regions. To obtain a general understanding on property renovations worth the investment, here are a few national averages.
These figures were obtained from the Remodeling Magazine Cost vs. Value Publication.
|Renovation||Amount Spent||Increased Value||Percentage of Cost Recovered|
|Finishing an Attic Bedroom||$50,148||$36,346||72.5 %|
|Garage Door Replacement||$1,512||$1,087||71.9 %|
|Sunroom Add-on||$74,310||$34,133||45.9 %|
|Major Kitchen Upgrade||$57,494||$37,785||65.7 %|
|Two-Story Addition||$165,796||$103,391||62.4 %|
Identifying Property Renovations Worth The Investment
Another factor contributing to the value of renovations is the quality and scale. Kitchen upgrades, for example, can be performed on the low end or the high end leading to a different return on investment. So, not only might you consider the area of improvement but additionally the quality of materials. For a detailed list of house projects and up to dateBennington property renovations worth the investment, visit http://www.costvsvalue.com.