Sarasota Real Estate Information: Remodeling Projects With Big Returns

Angie’s List surveyed top remodelers and real estate professionals to determine which remodeling projects result in the best return on investment when it comes time to sell your home.

“Well-planned and executed home improvements make your house more livable while you live there, and they boost your home’s resale value,” says Angie Hicks, founder of Angie’s List, the nation's premier provider of consumer reviews on local service companies.

“If you’re investing in your home specifically to help sell it, focus your dollars on the things that will really wow a potential buyer.”

3 Mistakes that Hurt Home Value

The Kitchen

Whether it’s a major overhaul or a simple makeover, putting a fresh face on your kitchen is your best investment. Maximize your return by limiting your project cost to no more than 20 percent of the value of your home. Expect an 85 percent return on your investment.

The Bathroom

An outdated bathroom can spoil a sale. Current trends have homeowners installing large showers instead of garden tubs. A major update by a reputable bathroom remodeling contractor could cost less than $20,000, but it should yield an 80 percent return.

Decks

A new deck can cost a few thousand to tens of thousands of dollars, depending on size and materials used. Before you build, look at other homes in your area and build accordingly. If the deck is in good shape, your return could be more than 80 percent.

Siding

If your home’s facade is siding and it’s not in good shape, replacing or repairing the siding can bring instant freshness. You’ll likely spend at least $10,000, but you should get at least 80 percent back.

Window Replacement

The energy efficiency of new windows is a clear benefit to switching out older windows, but in some cases, it’s a safety feature, too. Costs depend on the number of windows you’re replacing, of course, and the type. Expect a return on your investment of at least 70 percent.

Hiring a Remodeling Contractor

Do your due diligence when hiring a contractor for any improvement. Visit Angie’s List for consumer reviews on highly rated contractors, builders and other service professionals.

“Don’t settle for a company without a great local reputation or references you can verify,” Hicks says. “Wait for the right contractor.”

Source: Angieslist Blog

The Sarasota Native Group® is made up of full-time agents; this is not our retirement career nor is this a second job while also waiting tables. Collectively we have been full-time real estate agents going on 15 years. We were born and raised in Sarasota and we know the area and the market very well.

On average The Sarasota Native Group® has helped customers save 3% off the list price (or $3,000 for every $100,000) using our years of negotiating experience and knowledge of the local real estate market. (This does not include helping buyers save money by recommending trusted service providers in the area. Our contacts become your contacts.)

Are you not seeing your dream home on the market? Contact us to discuss the possibility of having our team target off-market homes that have high selling potential that match your specific criteria. We only provide this service to committed customers because of the time and effort we put into finding the home of their dreams.

The Sarasota Native Group® will negotiate to get you the best deal possible and we would be delighted to work with you and anyone you know who is currently looking to purchase a home.