Top 10 Renovation Ideas by Resale Value

One of the things we want to share is what we’re seeing in terms of residential remodeling demand. We’ve seen a continued strong demand from home remodeling for the end of 2008 into the first quarter of 2009. While people are definitely more budget conscious than they were five years ago, people in the Boston area are still investing in their homes.

If you’ve kept up with our blog posts, you might have seen some of the reasons for why remodeling has stayed strong in the Boston area while it has dramatically dropped off in other parts of the country. Some of the reasons New England’s housing remodeling and housing market have done well compared to other areas include a much smaller housing price bubble; fewer excess homes to be absorbed and a diverse economy in the Boston area.

Thinking about renovating, here are ten of the top projects based on ROI (return on investment), which are specific to the Boston area.

Top 10 Renovation Ideas by Resale Value:
1. Major Kitchen Remodel
2. Minor Kitchen Remodel
3. Bathroom Remodel
4. Two-story addition
5. Deck Addition
6. Attic Bedroom Addition
7. Master Suite Addition
8. Family Room Addition
9. Garage Addition
10. Basement Remodel

Source: Remodeling Magazine, February 2009

We wanted to share this information to help you feel like you’re not alone or crazy if you’re thinking about a remodeling project and also just to help do what we can to lessen your overall economic anxiety.

Questions? Or just want to chat about an upcoming project that you're considering? Email owner Chris Matey at chris@redapplerenovations.com
***************************************************************
We cover Boston, North Shore, North of Boston, including but not limited to Andover, Belmont, Beverly, Boston (Back Bay, South End), Brookline, Cambridge, Haverhill, Lexington, Lowell, Marblehead, Natick, Newton, Newburyport, Somerville, Swampscott, Weston, Winchester, Woburn. As well as southern New Hampshire, including Nashua, Londonderry, and Merrimack.

Check out our portfolio for Boston kitchen remodeling, Boston bathroom remodeling, and more.