Do Remodels Make Sense When Selling Your St Cloud Home

Do Remodels Make Sense When Selling Your St Cloud Home

The numbers are in!

If you are among the local homeowners counting the days until St. Cloud’s hot selling season begins, unless your house is already in perfect showing shape, you might be pondering which—if any—possible remodeling projects would be wise to take on before you list.

The answers aren’t simple. The first consideration is the calculation for whether your property is likely to attract top dollar in its as-is condition. If not, you need a prospect’s-eye take on which areas are most likely to detract from the apparent overall value of the property. Then comes another factor: identifying which of those projects will go furthest in recapturing their cost.

Even if leaving everything as-is doesn’t inspire much confidence, it might be tempting to “test the market” just to see what happens. Unfortunately, the most common result is that offers (if any) will be lowered to reflect the cost you saved…less a premium, of course. Experienced bargain hunters look to be compensated for the value they’ll have to add.

A number of remodeling associations attempt to alleviate at least some of that guesswork via annual assessments. These survey current national data to compare average costs for remodeling projects with the average value they return at sale. These figures are difficult to pin down with precision, but the folks at remodeling.hw.net take on the challenge annually. As noted above, the numbers are in!  

Their 2018 national survey names the top 4 remodeling projects earning the best returns:

  • Garage door replacements returned 98.3% of its average $3,470 outlay.

  • Manufactured stone veneer brought in 97.1% of its $8,221 cost.

  • Entry door replacements drew 91.3% of its $1,471 cost (specified: steel doors).

  • Deck additions returned 82.8% of an average $10,950 outlay.

Next in line were minor kitchen remodels, siding replacement, vinyl window replacement, and bathroom remodels—all of which averaged five-figure costs and all of which returned smaller percentages than the leaders. St. Cloud results could, of course, differ—but the national averages are food for thought.

Selling your St. Cloud home for the maximum price depends on marketing and presentation factors, too; yet everything begins with the value of the “product” being sold. I hope you’ll give me a call for feedback on what we are finding about what today’s St. Cloud buyers consider most important.

Image result for remodeling


Providing a superior level of informed, professional real estate services to buyers and sellers throughout Central Minnesota.We have agents specializing in residential, commercial, multifamily, new construction, existing, investment properties, foreclosures/REO, and short sales with offices located in:

Five Office Locations To Serve YOU!

St. Cloud 320-259-4554
Princeton 320-983-3555
Maple Grove763-565-2000
Hutchinson 320-455-9127
Litchfield 320-298-1140

Premier Real Estate specializes MANY areas around Central MN includingSt. Cloud, Waite Park, Rice, Royalton, Sartell, Royalton, Little Falls, Cold Spring, St. Joseph, Elk River, Monticello, Ramsey, Saint Michael, Andover, Ham Lake, Anoka, Champlin, Buffalo, Glencoe, Brownton, Silver Lake, Kandiyohi, Dassel, Minneapolis, Maple Grove, St. Louis Park, Saint Paul, Robbinsdale, Crystal, New Hope, Brooklyn Center and more!


Noel Johnson Headshot
Author:
Phone: 320-980-3100
Dated: February 11th 2019
Views: 184
About Noel: Passion for investing in real estate brought me to create Premier Real Estate Services in 2002. Ten ...

Property Search









RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Staging A Bedroom For Everyone - Different bedrooms have different
St Cloud Real Estate And An Answer To One Nagging Question - Gaining insight into today’s .
Housing Affordability Looks To Be Less Of A Hurdle - There are many ways to look at
Inheriting St Cloud Homes Not Without Issues -  The wisdom behind the truism

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Premier Real Estate Services
550 25th Avenue North
St. Cloud, MN
320-259-4554


Other Locations