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Home Renovations Cost Vs. Value

New Hampshire Home Renovation Costs Versus Value

New Hampshire homeowners should check the possible improvement in property value compared to the expense of particular renovations prior to performing any work. Some repairs are more profitable than others. The following is information on New Hampshire home renovation costs versus value.

Many people think that they will regain every dollar spent on a repair, or perhaps even more, in increased property values. This is an expected expectation, however it is not generally what occurs. Different home repairs offer different returns, and that increased value can differ depending on the area. To obtain an overview on home renovation costs versus value, here are a few nationwide averages.

Averages

The figures below were obtained from the Remodeling Magazine Report.

Improvement

  Expense 

   Increased Value        

Cost Regained

Basement Room Addition   

  $63,378

         $42,338

       66.8 %

Garage Addition

  $57,824  

         $33,089

       57.2 %

Bathroom Addition

  $40,096

         $20,455

       51 %

Minor Kitchen Upgrade

  $19,588

         $14,120

       72.1 %

Entry Door Upgrade

  $3,536

         $1,990

       56.3 %

 

Assessing Home Renovation Costs Versus Value

Another factor influencing the value of renovations is whether it is a mid-range or up-scale improvement. Kitchen renovations, for example, can be performed in varying price ranges resulting in a different ending value. So, not only might you evaluate the type of renovation but additionally the quality. For a comprehensive list of home repairs and up to date New Hampshire home renovation costs versus value, visit http://www.costvsvalue.com.

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