Built in 2004 in Waverly!
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139 Renker, Lansing, Michigan 48917
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What Updates and Remodeling Projects Pay Back in Michigan?
I get questions all the time about what a potential seller should do to get their home ready for sale. Property owners who have just completed a big project are also curious about how much this has increased the value of their home. Well, a recent study in Realtor Magazine attempts to answer these questions. The long and short of it is that in Michigan, there are no remodeling projects you can do that will get you more than a dollar payback for every dollar you spend. What does this mean to you as a homeowner? You should focus on remodeling projects because it is something you really want for your home, not because you are looking for a return on your investment. The table below outlines the payback on different project, from replacing your front door, to remodeling a kitchen or bath and other common projects. This information was found in a recent issue of Realtor Magazine and the detailed info and how the information was derived can be found at the Cost Vs. Value Report Online. There is also detailed info available for the top markets in the country. There is no data for Lansing, but you will find info on Grand Rapids and Detroit at this site.

Photo Credit: http://www.flickr.com/photos/tornatore/4504291586/
Info for Cost Vs. Value: www.realtor.org/realtormag




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