REALTORS LIST REMODELING PROJECTS WITH GREATEST RETURN
INDUSTRY NEWS, SHASTA COUNTY, TIPS FOR SELLERS
December 15th, 2008
According to a survey by the National Association of Realtors, exterior remodeling projects provide the 
greatest return on investment. Topping the list is wood deck additions and all types of exterior siding replacements. In the competitive market we have today, the first impression (curb appeal) is more important than ever in attracting home buyers.
The survey was conducted by Haney Wood, LLC in cooperation with REALTOR Magazine. Realtors in 79 market areas nationwide were grouped into 9 regions following 
geographic divisions used by the US Census Bureau. Realtors provided their opinions of what buyer preferences were in their particular market area.
Besides siding and decks, window replacements and kitchen remodels returned a relatively high percentage
of remodeling costs. Here’s the breakdown of return on investment as reported by the Realtor Pressroom:
- Cement siding- 86.7%
- Wood Decks-81.8%
- Minor kitchen remodel-79.5%
- Window replacements-76%
- Major kitchen remodel-76%
- Bathroom remodel-74.4%
- Attic-to-bedroom conversion-73.6%
- Basement remodel-72.7%
Some of the least profitable remodels:
- Home office-54.4%
- Sunroom addition-56.6%
- Back-up power generators-57.1%
The West Coast states, along with Alaska and Hawaii, consistently return a higher percentage of remodeling costs upon resale. Other factors that determine how great the return will be include “the home’s overall condition, availability and condition of surrounding properties, location and regional economic climate” according to NAR President Charles McMillan.
530-224-6767 or 530-9417492
BRAD GARBUTT
REALTOR/BROKER ASSOCIATE
REAL ESTATE PROFESSIONALS GMAC
QUARTER CENTURY LOCAL REAL ESTATE EXPERIENCE
