Oklahoma City Metro's Real Estate Blog

    So you are thinking about remodeling but you do not know which project is going to provide the best return on your investment. In the recent Realtor magazine, they have a quick guide on project pay backs. These remodels range from Decks to Windows.

    Edmond, Oklahoma currently has 300, 3 bed, 2 bath, 2 car garages on the market and 416, 4 bed, 2-3 bath, 2-3 car garage, homes on the market. What does this mean? It means that that Sellers have to be at the top of their game when it comes to selling their homes. A 3,2,2 has a 0.3% and a 4,2-3,2-3, has a 0.2% chance to strike a potential buyer’s interest.

    Here are the (National Average) Returns on your investment:

        · Deck (Midrange Wood) 81.8% return

        · Kitchen (Midrange Minor Remodel) 79.5% Return

        · Kitchen (Midrange Major Remodel) 76.0% Return

        · Window (Upscale Vinyl) 79.2% Return

        · Window (Midrange Vinyl) 77.2% Return

        · Window (Upscale Wood) 76.5% Return

        · Window (Midrange Wood) 77.7% Return

    Here are the Regional (Oklahoma City) Returns on Remodels

        · Attic-to-Bedroom (Midrange) 83% Return

        · Kitchen (Midrange Remodel) 84% Return

        · Bathroom (Upscale Remodel) 81.7% Return

        · Basement (Midrange Remodel) 87.8% Return

        · Replacement (Roof) 71.9% Return

        · Additions (Family Room) 70.5% Return

        · Additions (Master Suite) 69.9% Return

    When we compare the national Averages, it is the Upgrades that Spruce up the Curb Appeal, which gives us the greatest chance of earning a Return on our Investment.

    For more information home improvements or my 1% Listing Fee, just give me a call at 405-315-7965, I can mail you the printed article in this month’s Realtor.org magazine (Dec 2008).

Always remember, if it uses the word “Real Estate,” I can take care of it.

Josh Barnett, Real Estate Investment Broker w/Realty 1 of Edmond, Oklahoma