That $2,775 is actually the average cost for painting the exterior of a home in 2018, according to HomeAdvisor It costs a bit (maybe 10- or 20-percent) more to paint an interior – All those.
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The average renovation pays back about 65 percent of its cost if you sell your house soon after the remodel is completed, according to a Remodeling Magazine survey of real estate professionals. But the amount of payback varies widely, depending on the type of improvement. Here are five home improvements that are likely to pay off:
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Here are five great ways to add value to your home, and five more that generally don’t pay off as well. However, not all remodeling projects give you the same return on investment. The average home remodeling project added just 56.8% of its cost to the value of the home in 2017, according to Remodeling’s 2018 Cost vs. Value report, which analyzed 20 common professional remodeling projects.
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What you’ll get back on your investment depends on the value of your house, the value of houses in your immediate neighborhood, the housing market where you live, how soon you sell after making improvements, and the quality of the project itself. Installing a $10,000 stove in a $200,000 house, for example,
Remodeling magazine’s Cost vs. Value Report 2018 breaks down the average home sale return by region and scope of project. national minor kitchen remodel ROI. ROI: 81.1 percent; average cost: ,198; Return: $17,193; National midrange major kitchen remodel ROI. ROI: 59 percent; Average cost: $63,829; Return: $37,637; National upscale major kitchen remodel ROI
Cost vs. Value: The Home Improvement Projects With the Highest ROI in 2019 Remodelers across the country took a hit last summer as the cost of building materials spiked dramatically, and the picture for 2019 isn’t much rosier..