Planning to list your properties this spring? If you’re a company involved in real estate or renovation, you’re probably preparing to enhance your properties, whether through simple cosmetic touch-ups like repainting or more substantial renovations such as replacing cabinets or upgrading bathroom fixtures. But before you proceed, consider this.
According to Boston, you may be surprised to learn that not all home improvement projects add value when you sell your house. To find out which add the most value for your remodeling buck, the annual “Cost vs. Value,” or CVV, report by Remodeling can be a great resource.
Every year, Remodeling publishes a report that compares the average cost for 22 popular remodeling projects with the value those projects yield at resale. The publication surveys more than 6,000 real estate agents across the nation, providing each with project descriptions, photos and illustrations, construction costs, and median home prices for their market and then asks how much value each project adds to the sales price of a home. The statistics released in 2024 reflect 2023 costs and values based on 2023 home sales.