Did you know you will recoup an average of 80.7% of the costs when you replace the vinyl siding on your home? The average vinyl siding replacement project will cost an average of $12,013 and increase the resale value of your home by $9,694.
If you’re like most homeowners, you’re interested in trying to find out how much of your investment you’ll recoup when you remodel your home. Although you won’t get the money back before you decide to sell your home, it is still nice to know that you will get some of the money back later on.
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While the amount of money you’re able to recoup depends on a range of factors, like the condition of your home prior to the remodel, the kind of remodeling project you’re considering will also play a role in terms of how much you can expect to recoup. As written earlier, when replacing the vinyl siding on your home, homeowners recoup an average of 80.7%, while making a garage addition will allow you to recoup just 64.8% of the costs.
To help you figure out how much you can expect to recoup from your investment, Contractor Quotes has published an infographic that compares popular remodeling projects. On top of looking at the costs, the infographic also talks about the most important things you need to be aware of with the different types of remodeling. For example, if you’re considering changing the siding material, you should look into the required maintenance for each of the different siding options. You don’t necessarily want to pick a kind of house siding that looks beautiful right now but will require a lot of maintenance in two years if you’ve been used to a low maintenance material.
After having studied this infographic you’ll hopefully feel more confident about starting your next remodeling project!