Grand Rapids Michigan Cost vs Value Report 2010

The new Cost vs Value Report 2010 is out from the National Association

of Realtors. This report compares home improvement costs and returns for

sellers. There are national trends and local trends. If you are a homeowner,

this is valuable information because it will tell you how much money you

can expect to recoup from home improvements on the sale of your home.

While you may not be intending to sell your home for many years, it is a

good indicator of what the average buyer is looking for in a home purchase

and what they are willing to pay for.

Grand Rapids is right on target with the rest of the nation in the number

one item that repays investment. A new front door, specifically, a steel door

will get you 102% of your money back. If you need a new front entrance door,

you might want to consider skipping over to your home improvement store

and putting one on order.

Now, don’t get crazy and pick a really fancy door if you live in a basic ranch.

Home buyers don’t want a front door that doesn’t match the home

style or decor, so don’t waste your money. A nice steel door in a great color will

do more for your home’s curb appeal than one that doesn’t fit aesthetically.

All other home improvement projects went down in payback dollars, not

a surprise considering our local rate of home sales in the past 2 years. But if

you have been considering a home improvement project, check the list to see

if it is a feasible option for you and your home.

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The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and what it is like to live in

West Michigan. Grand Rapids Michigan is a vibrant, growing

metropolitan area with a diverse business community, great medical

research & services, numerous universities, plus lively arts and

entertainment of all kinds.

We believe: Grand Rapids is a Great Place to Live!

Contact Terry 616-292-7263

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