Spring is here! Many home owners are taking advantage of the change in weather by starting home improvement projects. Since home renovations are both costly and time consuming, it is important to know what projects are going to yield the greatest return.
Each year the National Association of Realtors reports on the cost of common remodeling projects and how much they add to the value of a typical home. The following are the estimates for the Portland area published in December, 2016:
The cost data comes from HomeTech Information Systems, a remodeling estimating software company, and is adjusted for regional pricing variations. The added value estimates are based on sampled NAR members’ professional judgment, not actual sales.©2015 Hanley Wood, LLC. Reproduced by permission. Complete city data from the 2015 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.