Home Improvements That Are Worth The Money
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.