By Melissa Dittmann Tracey, REALTOR(R) Magazine
Home owners are investing in their homes once again, according to recent industry surveys that point to a strong rebound taking hold in home remodeling. Home owners also may be seeing higher gains from some of these remodeling projects at resale, according to the most recent Cost vs. Value Report, which reviews the top remodeling projects that offer the highest returns at resale. The Cost vs. Value Report is conducted each year by Remodeling Magazine, in conjunction with REALTOR(R) Magazine.
So, which remodeling projects offer the potential for some of the biggest pay-backs at resale? The following mid-range remodeling jobs offer the highest returns, according to the 2013 Cost vs. Value Report.
By Rhone Resch, president & CEO, Solar Energy Industries Association
Warm weather tends to draw people out hunting for a new home or to inspire others to make home improvements. It turns out home owners with solar energy systems may have the upper hand.
In 2006, my family installed a 6-kilowatt photovoltaic (PV) system on our roof that converts sunlight into electricity. That means that I’m not only using clean energy, but also saving money on my monthly electric bill, and even making extra income whenever my system produces more energy than my family needs. It’s the only home improvement I know of that generates money for my family’s checkbook. Now, I’ve recently learned that my solar system actually increases my home value, too.