David Clark Radio Program Case Study

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David Clark’s Radio Program
March 9, 2007
Topic: Home improvements 3

Mike:
This week we have been talking about some home remodeling projects and the return on investment you get from them. So David, tell us more.

David:
On Wednesday we talked about remodeling the most used areas in the home. Well, unused or renewed spaces might not top the list of money-smart remodeling projects, but a basement makeover ($47,000-plus) can still command a 76 percent return. This is according to a 2004 survey by Remodeling magazine. A sunroom addition ($30,000-plus), which made the survey for the first time, might fetch a 71 percent return.

Mike:
Tell us about the ROI on building a deck.

David:
Decks expand your living space, and you rarely lose by making …show more content…

So it’s no surprise that your return on new glass is excellent, whether you’re contemplating a midrange window replacement (less than $10,000) at 85 percent or an upscale replacement ($15,000-plus) at 84 percent.

Mike:
Do you have any final tips on remodeling a home that would be helpful to our listeners?

David:
It is important to get it right when it comes to a remodel. Your return on your remodel will likely depend as much on how well it fits the period and scale of your house as how much it adds to its functionality.

Don’t go crazy! A final word of caution: To properly recoup all that sweat equity, keep one eye to your neighborhood. No matter how spectacular your results, don’t plan on pushing your home’s value beyond 25 percent of its current selling price; even in the best market, you probably won’t get it.

Best bet: If the market is lukewarm or you reside in a neighborhood with widely varied property values, set your sights just under the most expensive home on the block. That way, the showcase homes will tend to reinforce your potential asking price.

Mike:
Will you go over for us one last time, in order from most to least, the home remodel projects that will recoup a return on

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