Home prices are on the rise again in many cities as home buyers return to a market with very little inventory. If you thinking about selling, this might be a good time. Given that, does it make sense to invest in remodeling as a means to increase your selling price?
Well, yes and no. Improvements which significantly improve your home’s “curb appeal” might be good investments. Others, not so much. “Remodeling” produces the Cost vs. Value Report each year in cooperation with REALTOR® magazine. In the San Francisco Bay area, the news is especially good.
Top 13 Project Paybacks
In the class of “upscale” improvements, 10 of the 13 most popular improvements return more than they cost. These are almost all exterior improvements. Replacement projects that boost curb appeal—siding, windows, and decks—give you the greatest chance of recouping your money. Inside, only kitchen remodels can compare. Check the data on the follow chart.