Think curb appeal. For Indianapolis sellers trying to maximize final sales price with a minimum out-of-pocket, that is the message of the “2013 Cost vs. Value Report” (www.costvsvalue.com), which bases its conclusions on data gathered from nearly 3,900 Realtors®, appraisers and agents, together with cost estimates by RemodelMax, a publisher of estimating tools for remodelers.
Why curb appeal? Not to state the obvious, a home’s exterior is usually the first thing buyers see when shopping for a home. Why risk making a bad impression when making a good one is much easier, and cheaper, than you think?
According to the report, “Historically, exterior replacement projects have always achieved a higher overall cost-value ratio than discretionary projects, and that is once again the case. The average cost-value ratio of all 14 replacement projects in our report is 67.6%, almost 8 points higher than that of the 21 discretionary projects, which together average 59.7%.”
Read the full report here.
© 2013 Hanley Wood, LLC. Complete data from the Remodeling 2013 Cost vs. Value Report can be downloaded free at www.costvsvalue.com