TAKE me home
Remodeling Bang for Your Buck
By Nick Nayne, Principal Broker, The Broker Network, LLC
Many homeowners remodel their homes to improve livability and functionality, resale value, or just because they want to make some changes.
The National Assoication of Realtors just released its 2015 Remodeling Impact Report. According to this report, as of October 2015, Americans had spent $326.1 billion on remodeling. This report contains the results of a survey asking realtors to rank interior and exterior remodeling projects in terms of their expected return of value at resale. Keep in mind that this is a national survey that may not take into account regional differences. The rankings of the top six projects were as follows from highest to lowest in terms of their resale recovery value:
Exterior Remodeling Interior Remodeling
New roof Full kitchen renovation
New vinyl windows Kitchen upgrade
New garage door Bathroom renovation
New vinyl siding Adding a new bathroom
New wood windows New master suite
New steel front door New wood flooring
More in depth information is available in the research report available via the following link: www.realtor.org/reports/remodeling-impact
Source: National Association of Realtors Research Department, 2015 Remodeling Impact Report
LOW
1319 NE Butler Market Rd.,
Bend, OR 97701
3 beds, 2 baths, 1080 square feet
.31 acre lot | Built in 1983
$149,900
Listed by John L Scott Bend
MID
2157 NE Jackson Ave., Bend, OR 97701
3 beds, 2 baths, 1655 square feet .16 acre lot | Built in 2015
$324,900
Listed by Lohr Real Estate
HIGH
2688 Niagara Ct., Bend, OR 97701
3 beds, 3.5 baths, 3020 square feet
1.17 acre lot | Built in 2005
$950,000
Listed by The Associates Realty Group
