Thomas Murphy - Pine Shores Real Estate



Posted by Thomas Murphy on 5/20/2012

Unlike most other investments, your home can actually make money for you. Using energy efficiency tax credits, making shrewd decisions about home improvement projects, and taking advantage of the work shortage in the building industry can all put cash in your pocket. As ranked by Remodeling magazine, here are some top money-making remodels:

1. Installing a new entry door (steel)
New entry door (steel)
Job cost: $1,218
Value added: $1,243
Cost recouped: 102%
2. Garage door replacement
Garage door replacement
Job cost: $1,291
Value added: $1,083
Cost recouped: 84%
3. Minor kitchen remodel
Minor kitchen remodel
Job cost: $21,695
Value added: $15,790
Cost recouped: 73%
4. Deck addition (wood)
Deck addition (wood)
Job cost: $10,973
Value added: $7,986
Cost recouped: 73%
5. New siding (vinyl)
New siding (vinyl)
Job cost: $11,357
Value added: $8,223
Cost recouped: 72%