With Spring finally returning to Portland home owners want to know what return they’ll get on their remodeling and improvement projects. Here to let you know what to expect is real estate expert Nick Krautter at Keller Williams real estate and Sellpdx.com
Q. Most people think of kitchens and bathrooms when they remodel – what return can someone expect for those projects?
A. Both those projects return 75% of the cost. That’s surprising for many people but it doesn’t increase values more than the cost. A minor kitchen remodel returns 91% of cost. This is why I recommend doing these big projects early on so you can enjoy them.
Q. What’s the worst return for improvements?
A. A home office remodel and sunroom will only return 50% of the cost.
Q. What projects do you think have a positive return?
A. I think repainting, cleaning, and staging have positive returns when you’re selling. They can also speed up the time on market which almost always yields more money for a seller.
Click here for the full report: Cost vs Value Report