Exterior Projects on Chicago Real Estate Add Extra Value

February 02, 2012

exterior painting and home repairJust like investing wisely, a little money and effort put into your Chicago real estate can really pay off.  In the 2011-12 Remodeling Cost vs. Value Report, Realtors® recently concluded that certain exterior projects might be the most valuable improvements you can make to your home.

National Association of Realtors® President Moe Veissi says  inexpensive exterior projects that are vital to your home’s routine maintenance, like  replacing siding, windows or doors are  expected to recoup almost 70 percent of the costs. Not to mention, already routine projects like this add extra curb appeal to Chicago real estate.

According to the Cost vs. Value report, seven of the top 10 most cost-effective projects are exterior projects. Fiber-cement siding replacement took the top spot, and Realtors® reported that an estimated 78 percent of the project’s cost was recovered upon the sale of the home. Two more siding replacement projects made it in the top 10- foam-backed vinyl siding is expected to return 69.6 percent of its cost, and upscale vinyl siding is expected to recover 69.5 percent of its cost.

Door replacements are also in the top 10 and considered effective. Coming in at about $1,200,steel door replacement is the least expensive of the projects in the report. This repair is expected to recoup 73 percent of its cost.

For more information on the most cost-effective projects you can undertake to increase your Chicago real estate’s value, visit  HouseLogic.com. In order to read descriptions and tips for each of the projects, visit www.costvsvalue.com.

Have you already tried some of these exterior replacement projects? Let us, and other Chicago real estate owners, know how they worked out for you!

About The Author

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Stephanie is an Integrated Account Coordinator at Rountree Group Integrated Communications. She has public relations experience in public affairs, social media, blogging, healthcare, manufacturing, real estate, restauranting and retail.

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