Rate of Return
What’s the return on your home improvement investment? If you are in the early stages
of thinking about pursuing a remodeling project, you need to know that remodeling
isn’t just something to update your home and accommodate your needs –it actually
adds value to your home. Remodeling Magazine compiles an annual “Cost vs. Value”
report in which the immediate resale value is assessed for several common projects
in regions throughout the country. For the New York area, the rate of return ranges
from 99 to 195 percent --- a whopping 160 percent higher than the national average.
We’re in one of the best regions of the country when it comes to rate of return on
major remodeling projects. Our customers report rates of return for projects such
as kitchens ranging from 120 - 170%. We recommend that you contact your realtor to
get a reality check on these numbers for your particular home, neighborhood and situation
before using them as a basis for decision making.