Ask the contractor: Remodeling vs. cost value

QUESTION: We want to remodel and “gut our current ranch-style home in Prescott. Not sure what to do that will increase our value. What are some of “Sandy’s helpful hints?” – Dolores and Dan ANSWER: Bigger and more expensive projects, rising new-home prices, curb appeal, energy efficiency, green living and specific remodeling improvements will contribute to a gain in remodeling projects’ payback at resale. The average cost and average return at resale for the first half of 2016 resulted in an average of 64.4 percent of a project’s investment dollars getting recouped if the home is sold within a year. That’s up from 62 percent in the 2015 report and the second-highest return in the past eight years.


Related posts