The New York Times recently ran a piece in their Ask the Contractor section (membership required to read article) about renovating for the purpose of adding value to a home.  According to the contractors interviewed, the biggest bang for your buck comes from… drumroll, please… remodeling your kitchen.  No surprise here since the kitchen seems to be everyone’s favorite gathering spot.

Other worthwhile projects include bathroom remodel, window replacement, roof replacement, basement remodel and central air-conditioning.  Of course, one should always take into consideration the location of the home when considering home improvements.  For example, central air-conditioning has little value here in Seattle where the average summer temperature is in the mid-70s.

If you’re wondering what particular remodeling jobs will yield the highest return on investment, check out our section on the value of home improvements.  This page displays the national average, stack-ranked according to the highest return value.

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Comments

2 Comments so far

  1. linda liberty on September 23, 2006 2:51 pm

    I need old original floorplans of homes in Lakewood, California. Can you help???

  2. John on February 1, 2007 12:44 pm

    I was really interested to read your article on adding value through remodeling, particularly in light of the table on return on investment. I’m based in Ireland and real estate has gone through 15 years of boom here. Kitchens are still the number one room for remodeling though - even though the market is softening. One trend we are seeing is that lots of our clients are going for adding granite worktops to existing units to give their kitchens a lift.

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