Planning on renovating your home and want to make sure you get the biggest bang for your buck? New data can help you decide wisely.
Remodeling Magazine compared the effect of 35 remodeling projects on the resale value of homes in more than 100 U.S. cities and compared the increase to the cost of the project. Projects include everything from a kitchen remodel to a window replacement.
In the Philadelphia region, you would get the most out of your money by doing a siding replacement with fiber cement, an attic bedroom, and a wood deck addition, according to the magazine’s 2014 Cost vs. Value Report.
The siding replacement with fiber cement, which was the most cost effective in Philly, has an average cost of $15,960, and you would get 72.9 percent of the cost recouped, as compiled in the report.