With existing home sales steadily increasing , alongside home prices in general, the American housing market is slowly but surely recovering after the devastating crash and subsequent slump it experienced a few years ago. Remodeling is making a return in a big way, and for a good reason: returns have never been better. This is the second year in a row that the 35 projects in studied in Remodeling magazine’s Cost vs. Value Report all returned a larger sum upon resale of a home than the previous year. Cedar Square Homes is here with some tips on choosing a remodeling project with a large return in Maryland.
Projects with the Biggest Cost Return
The most popular project in Remodeling magazine’s study, as well as the one with the largest return was the steel door entryway. A steel door entryway is a great home improvement for homeowners looking to quickly increase their property’s curb appeal. The average steel door entryway was shown to return about 97% of the remodeling cost when the home was resold.
The project with the second largest remodeling return rate was the installation of a new wooden deck. The addition of wooden decks has become so popular in large part due to the sheer amount of useable living space they can add to your Maryland home, combined with their relatively low cost in comparison with other addition. Wooden deck installation was shown to return roughly 87% of its cost upon reselling.
This is, of course, only the start of larger trend. All signs point to continued growth in the real estate market, particularly in the reselling of already-built homes, and as the evidence shows, remodeling can almost completely return its cost upon reselling.
Thinking About Remodeling in Maryland?
Call Cedar Square Homes! We’re one of Maryland’s most trusted remodeling companies and can turn your house into your dream home quickly, and at an affordable cost that is sure to see a great return if you ever choose to resell.
Your Maryland remodeling project is important to you and we will treat it the exact same way. Customization is absolutely no problem and the materials we use are top quality. Throughout the project we will stay in touch and be available for you when you need us.
You will have direct access to your project manager though the entire process. Calls are answered promptly and messages are returned within 24 hours.
Improve your home with home improvements by the professionals at Cedar Square Homes. Contact us today at 410-987-9771.
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