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Real Estate Information At Your Fingertips - Lehigh Valley!

Home buyers today start SEARCHING for their next home on the internet, long before ever seeking the expertise of a Realtor. Online buyers and sellers want to be provided with local rescources that bring real answers and up to date information. Check out the links below to find rescources for buyers/sellers in todays every changing market. For a personalized free/no obligation home maket analysis contact homes@jillandron.com or phone call away 484-2431-5186.

Easton Bethlehem Nazareth Home Seller Tips

Easton Bethlehem Nazareth Local Information

Easton Bethlehem Nazareth School Information

These are just some of the options you can click for more information on the Lehigh Valley Real Estate Market and for more information on the area.

Contents at a Glance

Remodeling Costs - Will you get your mon...
Rescources for Sellers/Buyers from Amaza...
Favorite Lehigh Valley Links
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Remodeling Costs - Will you get your money out of it?

Have you been thinking about remodeling your Lehigh Valley home and possibly updating your kitchen or bathroom? Wondering if remodeling is a good investment? Are you doing updating for your enjoyment or are you looking to increase appeal for selling in the near future?
The resale value of many remodeling projects has not kept pace with the costs of those projects, according to the 19th Annual Remodeling Magazine's 2006 "Cost vs. Value Report." This report shows prices for most remodeling projects continue to increase, though the value the project adds to the home has decreased. In fact, most remodeling projects will lose the owner money on a sale. Homeowners cannot expect a dollar for dollar return on their money. For example according to the report, a midrange kitchen remodel might run a homeowner $54,241 with a resale value of $43,603 which yields a return of about 80.4% of your investment. Another remodel project that reaps high returns is a bthroom remodel which runs about 12,918 with a resale value of 10,970 provides a return of about 84.9% of the cost recouped.

Take a look at the chart below for information on cost recouped based on specific projects:

Cost vs Value 2006
2006 National Averages
Project Job Cost Resale Value % Cost Recouped
Mid-Range
Attic Bedroom Remodel $44,073 $35,228 79.9%
Basement Remodel $56,724 $44,685 78.8%
Bathroom Addition $28,918 $21,670 74.9%
Bathroom Remodel $12,918 $10,970 84.9%
Deck Addition $14,728 $11,307 76.8%
Family Room Addition $74,890 $53,519 71.5%
Home Office Remodel $20,057 $12,707 63.4%
Major Kitchen Remodel $54,241 $43,603 80.4%
Master Suite Addition $94,331 $68,458 72.6%
Minor Kitchen Remodel $17,928 $15,278 85.2%
Roofing Replacement $14,276 $10,553 73.9%
Siding Replacement $9,134 $7,963 87.2%
Sunroom Addition $49,551 $32,854 66.3%

The bottom line would be to consider talking with a real estate professional about the market in your area if your planning on selling and figure out what ther recomendations are with regard to updates. Understanding your local market will help you to determine what projects to move forward with and which ones to skip! If your planning to stay in your home for a number of years to enjoy the remodel then by all means move forward, but if your looking for bang for your buck with a quick sale then you should do your research and make informed decisions.

Jill & Ron Fuhrer- Professional Realtors with Family Values

Lehigh Valley Homes Online- Buyers Search for Homes and Learn Inside Tips!

Real Estate Information At Your Fingertips - Lehigh Valley!

Contents at a Glance

Remodeling Costs - Will you get your money out of it?

Rescources for Sellers/Buyers from Amazaon

Favorite Lehigh Valley Links

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