• Skip to main navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

Real Estate Agents in Hampton Roads VA - The Melton Team, RealtorsReal Estate Agents in Hampton Roads VA - The Melton Team, Realtors

The Best Real Estate Agents in Hampton Roads VA. Homes for sale, new properties, REALTOR info as well as information about our team.

  • Home
  • Buyers
    • Featured Homes
    • Buying 101
    • Home Search
    • Ready to Purchase?
    • 8 Steps
    • On The Fence?
    • Out of Town?
      • VIP Example
  • Sellers
    • Selling 101
    • 4 Steps to SOLD
    • 5 Keys
    • Ready to Sell?
    • Custom Market Report
  • About Us
    • The Melton Team
    • Erin Melton
    • Welcome
    • Memory Lane
    • Testimonials
    • Submit Review
  • About eXp Realty
  • Contact
    • Erin Melton
    • Locations
    • Appointment
  • FAQ

Attention Sellers: Remodeling Projects to Increase Your Sales Price – Part 2

The results are in! NAR surveyed thousands of consumers, real estate agents, and industry professionals on interior and exterior home remodeling projects. The projects listed below are the best exterior remodeling projects that can get you the biggest bang for your buck when it comes time to list on the market.

Exterior Remodeling Projects

If you are looking to remodel your home with the intent of selling at a higher price, you should consider these projects for their overall cost to the owner and their potential boost in selling price. We’ve ranked these exterior projects based on the most value and cost recovery a homeowner can receive based on NAR’s 2015 Remodeling Impact Report.

The following four projects received the best overall value for sellers:

(1) Installing new roofing received the highest money-back value. A new roof provides durable and long-lasting protection to the home with energy efficient benefits. Remodelers from the National Association of the Remodeling Industry (NARI) estimate that new roofing costs $7,600. NAR REALTORS® estimate that the increased value for sellers is $8,000 and a homeowner can recovery 105 percent of the costs.

(2) Fitting a new garage door adds to the curb appeal as well as upgrades worn-out features on the exterior of the home. NARI Remodelers estimate that a new garage door will cost $2,300. NAR REALTORS® estimate that sellers can increase the value of their home by $2,000 and recover 87 percent of the remodeling investment.

(3) Putting up new vinyl siding upgrades the home and improves its energy efficiency. NARI Remodelers estimate that new vinyl siding will cost $12,000. NAR REALTORS® estimate that sellers will gain $10,000 and recover 83 percent of the costs.

(4) Adding new vinyl windows will also increase the home’s energy efficiency for potential buyers. NARI Remodelers estimate that new vinyl windows will cost $15,000. NAR REALTORS® estimate that sellers will gain $12,000 and recover 80 percent of the costs.

roofing

The most expensive remodeling projects include:

  • Installing new wood windows at a cost estimate of $26,000 (estimated cost recovery at 58 percent),
  • Adding fiber-cement siding at $19,100 (estimated cost recovery at 79 percent),
  • Fixing new vinyl windows at $15,000 (estimated cost recovery at 80 percent), and
  • Mounting vinyl siding at $12,000 (estimated cost recovery at 83 percent).

The least expensive remodeling projects include:

  • Installing a new steel door at a cost of $2,000 (estimated cost recovery at 75 percent),
  • Fitting a new garage door at $2,300 (estimated cost recovery at 87 percent), and
  • Installing a fiberglass front door at $2,500 (estimated cost recovery at 60 percent).

For a complete list of home remodeling projects, the level of homeowner satisfaction, cost estimates and seller value, read more in the 2015 Remodeling Impact Report.

*Disclaimer: The report provides a cost recovery estimate for representative remodeling projects. The actual cost of each remodeling projects and cost recovery are influenced by many factors including project design, quality of materials, location, age and condition of the home and homeowner preferences.


Source: NAR Economic Outlook

Posted in: Property Staging by The Melton Team Tagged: Melton Team

About Cindy Matchinis, Realtor®

Questions? Call Now: 757-876-4641
Cindy is a REALTOR with The Melton Team at RE/MAX Peninsula. Licensed in 2005. Cindy holds three real estate designations.She is an Accredited Staging Professional (ASP), Short Sales and Foreclosure Resource Certification (SFR) and a Certified Distressed Property Expert (CDPE).

Post navigation

« Stage the Bathroom: 7 Simple Ideas
Home Buyer Households: Valentine’s Day 2018 »
757-784-1358
The Melton Team
eXp Realty
Hampton Roads, VA

Property Search

Advanced Search Map Search

Virginia Communities

  • Hampton Roads
  • Newport News
  • Hampton
  • Poquoson
  • York County

Helpful Links

  • User Signup
  • My Account
  • Home Valuation
  • Mortgage Calculator
  • Contact

Blog Topics

  • Around the Web (19)
  • First Time Home Buyers (2)
  • For Buyers (6)
  • For Sellers (6)
  • FSBOs (1)
  • Home For Sale by The Melton Team (55)
  • Homes Sold by The Melton Team (122)
  • Housing Market Updates (4)
  • Houzz Home Design (80)
  • Infographics (1)
  • Interest Rates (2)
  • Melton Team Home Design Ideas (88)
  • Melton Team Home DIY Projects (45)
  • Melton Team News (132)
    • Home Improvement Showcase (10)
  • Melton Team Real Estate Advice (137)
  • Melton Team Real Estate News (270)
  • Melton Team Reviews (66)
    • Cindy Matchinis, Realtor (16)
    • Erin Melton, Associate Broker (47)
  • Move-Up Buyers (1)
  • Property Staging by The Melton Team (38)
  • Time-sensitive (1)
  • Uncategorized (1)
  • Virginia Neighborhoods (2)
Erin Melton
Erin Melton real estate agent portrait.
Associate Broker
License#: 0225059465
Experience: 20 years
757-784-1358
erin.melton@exprealty.com
Newport News
11815 Fountain Way Suite 300
Newport News, VA 23606
757-784-1358
  • User Signup
  • My Account
  • Home Valuation
  • Mortgage Calculator
  • Contact

The Melton Team has been selling homes in Hampton Roads, VA for over 20 years. We pride ourselves on being the internet real estate experts in the area. We sell single family homes, new homes, townhomes, condos and land. We service the following areas: Richmond VA, Williamsburg VA, Hampton VA, Newport News VA, York County VA, James City County VA, Yorktown VA, Poquoson VA and more.

Copyright 2001-2020 Erin Melton, Associate Broker • eXp Realty • Hampton, VA • MLS Sitemap • Disclaimer

Licensed Associate Broker in the state of Virginia • REALTOR is a licensed trademark of the National Association of REALTORS.