Michele Buckman has put together some videos discussing the current DC market and what the future may hold for the real estate market in the Washington DC area.
There are definitely some home remodeling and other updates that pay off when selling a Washington DC house. While living in your home, you want to make those changes that will help you enjoy it to its fullest. However, you need to temper spending with an eye on your return on investment (ROI), and an understanding that you could end up pricing your home out of the neighborhood market.
Here are the average returns on investment for remodeling projects in Washington DC, according to Remodeling Magazine's annual Cost vs. Value Report for 2014.
Attic bedroom: 98.6 percent
Backup power generator: 70.3 percent
Basement remodel: 90.7 percent
Bathroom addition: 72.5 percent
Bathroom Remodel: 98.5
Deck addition (composite): 90.6 percent
Deck addition (wood): 112.3 percent
Entry door replacement (fiberglass): 89.1 percent
Entry door replacement (steel): 125 percent
Family room addition: 83.4 percent
Garage addition: 80.8 percent
Garage door replacement: 114 percent
Home office remodel: 62 percent
Major kitchen remodel: 91 percent
Master suite addition: 83 percent
Minor kitchen remodel: 99.9 percent
Roofing replacement: 89.7 percent
Siding replacement (vinyl): 99.2
Sunroom addition: 64.4 percent
Two-Story addition: 95.3 percent
Window replacement (vinyl): 93 percent
Window replacement (wood): 93 percent
For more information on remodeling and updates when selling a Washington DC house, please contact Michelle Buckman, Realtor. Not only does Michelle know all the best updates and contractors, she will help you showcase your home's best features to enhance the return on your remodeling dollars.