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Which Remodel Projects Have the Best ROI?

If you engage us to help sell your home, we usually start by consulting you on how to merchandise the house. We always tell sellers to first address any deferred maintenance. These are those big repairs that you’ve been putting off for one reason or another–yup, that leaky roof really does need fixing. Any hint of deferred maintenance in your home can easily spook buyers into thinking that house is a “money pit.”

Once you address those issues, then we’ll advise you to prioritize projects according to how potential buyers will experience the home. Think of walking up to a house for the first time, opening the door, then following a natural flow of being at home. You start with first impressions and try to make those buyers have as positive an experience as possible (yes, a bit like a first date). Wow them with your curb appeal then entry appeal, enticing them to want to see more…your kitchen, other public entertaining spaces, and so forth. Your success at selling will no doubt improve.

Wanna take it to the next level? Then think about remodel projects that can increase the value of your home. Simply apply the same logic, and focus on first impressions. Consider the “Remodeling 2015 Cost vs. Value Report,” which tracks metrics across the region and country. Remodel projects with the highest Return on Investment (ROI) for Portland, OR, are projects that impact curb appeal–again, what buyers see when they first walk up to your door–like landscaping or new siding. The next tier of ROI value includes things like replacing windows, adding a deck, and remodeling the kitchen.

Portland Cost v Value

Here’s the really good news…remodeling your home in the Portland area will typically yield a higher pay off than other regions of the country. Data indicates that we are a relatively unique location, due in large part to our local land use planning and urban sprawl laws. Homeowners should be encouraged by our healthy real estate market.

For more on the 2015 Cost vs. Value Report, click here, or contact us to break it all down for you.