Tackling remodeling projects is a huge part of homeownership. Once settled in a new home, it’s common to make a list of all the projects you’d want to take on in the future, whether tomorrow or in five years. Homeowners may also be looking to tackle some projects when considering selling their place. According to a new study by the National Association of REALTORS®, the type of project you should consider depends on just that—whether you plan to enjoy the finished product yourself or make it more appealing to buyers. For example, REALTORS® ranked the addition of a bathroom, a complete kitchen renovation, a new master suite, new fiber-cement siding, a new front door, and new roofing as projects that brought the most personal joy to homeowners. Yet projects with the highest cost recovered upon selling were hardwood flooring refinish, an insulation upgrade, new wood flooring, new roofing, a new garage door and new vinyl siding.
Examine NAR’s 2015 Remodeling Impact Survey to see what REALTORS®, consumers and home remodelers said were the best projects to tackle. Talk to REALTORS® in your area to find out what feature they see home buyers seeking.
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Each month, NAR produces a few story ideas for the media, presenting timely topics accompanied with background information and facts related to the real estate market. These housing and real estate story ideas are designed to help media generate content for news stories, hopefully serving as a helpful resource to those in the media looking for stories or new angles.