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Best and Worst Remodeling Projects For Saint Clair County IL Homes

26 Sep

According to many experts in the building business, homeowners are ready to make 2012 a banner year for remodeling, and the latest cost-for-value research suggests that getting the most bang for every buck is more important than ever.  Remodeling Magazine’s annual Cost vs. Value report for 2011-2012 found that the trend right now is replacement over remodeling—swapping out the old for the new rather than doing a total gut job, which can be much more costly. Exterior replacement projects—such as new garage doors or a new entry door—offer some of the best returns at resale, allowing owners of Saint Clair County IL homes to recoup close to 70 percent or more of the costs of the project at times of resale. Based on what home owners stand to recoup at time of resale, RISMediarecommends these mid-range projects:

hard hat1. Replacing the entry door to steel Estimated cost: $1,238 Cost recouped at resale: 73 percent

2. Attic bedroom Estimated cost: $50,148 Cost recouped at resale: 72.5 percent

3. Minor kitchen remodel (including new cabinets and drawers, countertops, hardware, and appliances) Estimated cost: $19,588 Cost recouped at resale: 72.1 percent

4. Garage door replacement Estimated cost: $1,512 Cost recouped at resale: 71.9 percent

5. Deck addition (wood) Estimated cost: $10,350 Cost recouped at resale: 70.1 percent

6. Siding replacement (vinyl) Estimated cost: $11,729 Cost recouped at resale: 69.5 percent

What projects should you avoid?  According to Bankrate and US News these six projects are not cost-effective:

1. Home office remodel: Property owners who remodel a home office recoup on average less than half of the project’s cost when they sell.

2. Sunroom addition: Brings in only about 51 percent of the project’s cost

3. Bathroom addition: Only about 60 percent of the project’s cost is recouped when Saint Clair County IL home owners sell their residence.

4. Backup power generator: Will bring on average a return of only 59 percent of the project’s cost.

5. Garage addition: Saint Clair County IL home owners who build a garage addition get back approximately 62 percent of the project’s cost when they sell their home.

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Holly Norton offers unparalleled service in the Saint Clair County IL real estate market. Holly assists buyers looking for Saint Clair County IL real estate for sale and aggressively markets Saint Clair homes for sale. Holly serves the entire Saint Clair County Illinois real estate market including the surrounding communities such as Fairview Heights, Belleville, Swansea, Shiloh, O’Fallon, Freeburg, Smithton, Mascoutah and Millstdat area.