Rehab Projects Cost vs. Return
April 24th, 2006 by Grant in: Real Estate
I came across the Realtor Magazine Online website yesterday, and found a short article about remodeling projects and how much each project affects the resale value.
It turns out that next to upgraded exterior siding, a bathroom remodeling project returns the most money on the investment (in fact, it actually returns a little more than you put into it).
Now that I think about it, my rental unit is in need of new siding, and according to the above chart, new siding would give me a 95% return on my money. Not bad, and considering I bought the property well below market value, it could be money well spent should I decide to sell it.
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