If you will be selling your home in the next two or three years, take note of the current paybacks for some of the most common improvements.
2014 Average Paybacks Mid-Atlantic Region*
|Deck Addition (wood)||64.0%|
|Deck Addition (composite)||66.0%|
|Entry Door Replacement (fiberglass)||70.0%|
|Entry Door Replacement (steel)||93.0%|
|Family Room Addition||58.0%|
|Garage Door Replacement||84.0%|
|Home Office Remodel||42.0%|
|Master Suite Addition||57.0%|
|Minor Kitchen Remodel||68.0%|
|Siding Replacement (vinyl)||69.0%|
|Window Replacement (vinyl)||68.0%|
|Window Replacement (wood)||67.0%|
|Second Story Addition||60.0%|
Get a Home Equity Loan to help with all of your projects. You can borrow up to 80% of the equity in your home. The maximum loan amount is $150,000. Stop by, give us a call or go here to apply.
*Your actual payback will depend on a number of factors, including the real estate market, property values, plus the extent of your improvements. For example, don’t expect a high payback if your increase the value of your home beyond the value of other homes in your neighborhood.