If you have been aching for an excuse to start that next home remodel project but want to back the expense with hard data on the value, now you might have the perfect reason. According, to the Remodeling Magazine 2013 Cost vs. Value Report lower costs and stabilizing home prices have bumped up the cost-value ratio in a number of areas, with kitchen projects among the most valuable.
Things have been looking up in our economy and for the first time in six years, the overall average cost-value ration of home improvement projects has improved, reaching 60.6% on all 35 projects in the survey. Even more encouraging is the cost-recouped percentages were also up for all projects in the survey.
As in all cases, some projects reap more reward than others do. Not surprisingly, minor kitchen remodels and granite countertop installations are among the top 10 high value projects at 75.4%.
Historically, kitchen remodeling projects are always among of the best projects for your money because of the low cost and high impact.
The cost-value ratio expresses the resale value as a percentage of the construction cost. Since granite countertops are always high on the list desirability for any prospective buyer, you can expect to get top dollar when you place your home on the market.
Even better, granite countertop installations are among the fastest and most dramatic kitchen remodeling projects. You do not have to devote months of your time or be displaced before you can enjoy a stunning new look.
Of course, the Remodeling Magazine 2013 Cost vs. Value Report only confirms what we have always known—few things out-shine the beauty of granite. If you have questions about the wide variety, durability, or cost of granite, EZ Tile & Marble offers a free consultation.
Contact us today for more information!