Dawn Griffin July 12, 2023
Trying to get the most bang for your remodeling buck? This is always an important consideration, but becomes especially so if you are planning on selling your home within the next 12 months. The Remodeling Cost vs. Value Report compares average cost for 22 popular remodeling projects in regional markets across the country with the value those projects retain at resale.
Every other year, they report information specific to St. Louis. Check out the latest ROI trends.
The report finds exterior improvement projects continuing a multiyear trend of providing the greatest return on investment (ROI) for homeowners. Indeed, 9 out of the top 10 projects with the highest ROI were exterior improvements for the St. Louis region. The indoor exception, sitting at No. 6, is the minor kitchen remodel – a modest face lift of kitchen surfaces that offers a relatively high return when done prior to the sale of a house.
Of course, if you plan to be in your home for a long time, you will prioritize your projects based on necessity and comfort, rather than solely on return on investment. However, if you do plan on selling in the next year or so, please reach out to us. We can help you prioritize projects so that you aren’t wasting time and money on updates. And even what exact neighborhood you are in can effect the ROI. Let’s talk before you start.
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Recognition
The Dawn Griffin Group is named St. Louis Magazine's Best Real Estate Agent for the third year in a row.
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