Value Drives Remodeling Trends

Q. What Are The Remodeling Trends For 2010?

A. Obviously, your return on investment depends on where you live. But according to Remodeling Magazine’s “2009-2010 Cost vs. Value report,” which compiles results from members of the National Association of REALTORS® in 80 cities, the trend is toward small-scale projects and replacements.

There’s no doubt that curb appeal helps sell homes. You can improve your home’s exterior without spending a great deal of money by adding a deck, replacing a lawn or enhancing the entranceway.

Because of all the government incentives available, it also makes sense to make any improvements that add to your home’s energy efficiency. For example, you can get a federal tax credit for 30 percent of the cost (up to $1,500) for installing certain products such as energy-efficient windows, insulation, roofing, and heating and cooling equipment. Go to www.energystar.gov for details.

Prospective home buyers continue to look for improvements to kitchens and bathrooms. Instead of a high-end remodel, more people are choosing moderately priced upgrades that will improve their chances of a sale.

If you have any questions, or need capable and trustworthy representation, please call me at 206-226-0565.