Remodeled Entry with new Entry Door follow your heart and make the changes that you think will make you happiest. Hopefully you can make some improvements that will satisfy both requirements! Remodeling magazine conducts a yearly survey to answer these questions for the Pacific Region, one of 9 regions that they survey on 35 popular remodeling projects. According to the Remodeling 2014 Cost vs. Value Report www.costvsvalue.com, a Major Kitchen Remodel, for example, brings an 89% return on the dollar. This value reflects resale within the first year of remodeling, so it doesn’t include any market appreciation. Over time, as property values increase, your return increases. An Entry Door Replacement (steel) brings the highest cost recouped at 113%. Other projects with strong returns are Minor Kitchen Remodels at 104%, Basement Remodels at 102%, Garage Door Replacement at 98%, and Bathroom Remodels at 92%. Both Family Room Additions and Two Story Additions bring a solid return of 90%. Home Office
Remodels, interestingly enough, brought a comparatively low return on investment of 61%, as did Sunroom Additions, also at 61%. However, in Oregon, I would be hard pressed to deny those who want a sunroom, the pleasure of catching every sunbeam they can, for both themselves and their plants. So it is not always about the short term financial return. Even if you are not planning on selling your home in the short term, it’s interesting to have an idea of how much a remodeling project will add to your home’s value. Ask yourself, what other investment can you enjoy every day, while you watch it appreciate? Of course the value of any remodel depends on the quality of the design and the work. Avoid cost saving pitfalls that can devalue your home such as additions that have a significant change in floor level, shoddy workmanship, inferior materials, or awkwardly designed spaces. A professional remodeling company can guide you toward a product that will give you maximum value for your investment and enjoyment for your life!
■ ■ ■ Heidi Powell is Co-owner of Powell Construction, an award winning design-build company established in 1990, and a member of the National Kitchen and Bath Association. Heidi can be reached at the design studio located on South 3rd Street in Corvallis or at 541-752-0805.
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Willamette Living Magazine
Published on Aug 1, 2014
Our second home improvement issue of the year with loads of home tips from local pros. Visit a tiny house in Washington, and learn from Farm...