Portsmouth NH Home Renovations Creating The Most Value

Portsmouth NH homeowners should evaluate the potential change in the value of their real estate versus the cost of particular changes before performing any updates. Some updates are more profitable than others in increasing a home’s value. Below is guidance on Portsmouth NH home renovations creating the most value.

Portsmouth NH Home Renovations Creating The Most Value

Home owners often anticipate to regain the full amount of money spent on work when they go to sell their home. This is a understandable tendency, but unfortunately, it is not supported by reality. Different property repairs add different value to a home, and that value can vary in different areas. To give you a general understanding on home renovations creating the most value, below are some national averages.

Average Increase in Value for Mid-Range Improvements

The figures below are from Remodeling Magazine’s annual Cost vs. Value Report.

Renovation Amount Spent Value Assigned Amount of Cost Recouped
Home Office Remodel 27,963 11,983 42.9%
Garage Addition 57,824 33,089 57.2%
Sunroom Addition 74,310 34,133 45.9%
Family Room Addition 83,118 50,004 60.2%
Vinyl Window Replacement 11,319 7,692 68%

Identifying Home Renovations Creating The Most Value

Another factor affecting the value of repairs is whether it is a mid-range or up-scale repair. Kitchen renovations, for example, can be performed on the low end or the high end and each will lead to a different value. So, not only should you consider the type of repair but also the brands and quality of materials. For a comprehensive list of home projects, a comparison of mid-range versus high-end projects, and detailed current Portsmouth NH home renovations creating the most value, visit www.costversusvalue.com.


About Editor-John P. Wells

I am a resident of Newburyport and have worked in education, high tech and urban development. My interests in architecture and construction are invaluable to my clients. For more information please visit the Wellsco website.