Remodeling Projects and ROI

By Real Estate February 9, 2017

Remodeling your Home: Your Expected Return on Investment

Remodeling Magazine recently released it’s Cost v. Value 2017 assessment highlighting expected return on investment (ROI) on a whole host of remodeling projects.

Nationally and regionally, exterior projects tend to bring about the highest return. However, all real estate is local. I pulled up the report on San Francisco which clearly showed a much higher return on one’s investment for a given project. Other benefits of remodeling and renovations include a cumulative effect that improvements have for the overall sales price. And not to be overlooked, a nicely renovated and appointed property will sell far more quickly than one that is not turn key or has perceived cosmetic or substantive deficiencies.

If you’re considering selling your property, or a homeowner interested in seeing which projects will add the most value to your home, contact me and I’d be happy to come up with a strategy that best suits your needs.

You can access the regional breakdown here: http://www.remodeling.hw.net/cost-vs-value/2017/pacific/

If you would like specific information on San Francisco you will likely need to register or just contact me and I’ll be happy to share it with you.

 

 

About the Author
Adam Ettenson, Broker / Owner

Adam’s real estate experience encompasses residential sales, renovations, real estate development, property and asset management, and multifamily investment acquisitions. He has helped countless clients buy and sell property throughout the Bay Area, including in San Francisco, Marin County, Alameda County, San Mateo County, and Santa Clara County. He has overseen the condo conversion and major renovation of a two-unit building, and has worked on several affordable housing residential development projects with budgets exceeding $20 million, helping low-income families secure safe, affordable housing. He is currently working on a project that entails adding a condo unit to an existing building as well as a major horizontal expansion and renovation, increasing the total square footage to approximately 1500 square feet. Prior to working in real estate, Adam practiced immigration law and real estate law. His extensive background as an attorney and his broad real estate experience allow him to faithfully advance his clients’ interests in both the purchase and sale of real estate. Adam’s clients benefit from strong negotiation skills, contractual expertise, and deep knowledge of local rules and regulations.