The 3 best Remodeling Projects for your Las Vegas Home just might surprise you! Here at LasVegasRealEstate.com we reviewed the just-released “Remodeling 2019 Cost vs. Value Report” issued by 2019 Hanley Wood, LLC and the top three improvement projects are all to the home’s exterior. These included:
If you’re considering making repairs or remodeling your Las Vegas home and want to know how much the project will add to the value of your home, read on.
The report is broken down into “mid-range” and “upscale” projects with the former using standard materials while the latter incorporates higher-priced versions.
The project on the list that returns the most money on your investment when you sell your Las Vegas home is a new garage door.
Although it costs more to do this year and the ROI is lower than it was in 2018, garage door replacement has maintained its number one spot on the list for two consecutive years.
This makes sense since curb appeal is so important to a homeowner’s bottom line when the Las Vegas home is on the market.
This project will run you about $3,600 (the national average) and is considered “upscale.” This price includes removing and disposing of the existing garage door and tracks and the installation of the new one.
The project calls for a four-section door on “new heavy-duty galvanized steel tracks; reuse existing motorized opener.”
It also has all the bells and whistles, such as foam insulation, thermal seals, windows and high-end hardware.
No, you won’t see a return of that $3,600 at the closing table when you sell the Las Vegas home, but you will get close. The upscale garage door replacement project yields a 97.5 percent return, or $3,520.
Remember, these are national averages. Costs vary among regions and the price may be a bit different here in Las Vegas.
Ripping off the stucco on your Las Vegas home and replacing it with manufactured stone veneer is pricey. But it completely transforms a home’s curb appeal.
The cost for this home renovation project includes removing the stucco and replacing it with the stone veneer, underlaid with moisture barriers (two layers). This is a simplistic explanation of the scope of this project. You can read more and see before and after sketches at costvsvalue.com.
This project, on a national average basis, costs $8,907 (last year’s cost was $8,221) and its return on investment via your home’s value is projected to be $8,449, a 94.9 percent ROI.
Kitchens help sell Las Vegas homes and if yours needs a minor remodel (using mid-range materials), now may be the time to get it done. The average national cost to remodel a kitchen is $22,507 – pricey! This price, for a 200 square-foot kitchen, includes new cabinet and drawer fronts (shaker-style) and countertops.
Add in a new stove and refrigerator (energy-efficient), sink and faucet, flooring and fresh paint for an 80.5 percent return on the money you invest.
When looking at the national average price of a project, keep in mind that the survey was conducted in 2018. Last year, the remodeling industry was enjoying a “robust market,” according to the study’s authors, and prices were substantially higher because of tariffs.
This year’s costs may be quite different.
Keep in mind that the value added by Las Vegas home improvement projects is subjective. Getting rid of a small bedroom to enlarge a bathroom “may be seen by a potential buyer as the loss of a bedroom, rather than the gain of a luxury bathroom”
Thank you for reading our post, “3 Best 2019 Remodeling Projects for your Las Vegas Home.” For more Las Vegas real estate buyer and seller tips, market news, information on homes for sale, or general real estate information please visit our website www.lasvegasrealestate.com
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