This is a question consistently arising from Sellers and homeowners about what improvements or repairs should of should not be done to improve the value of a Phoenix home when preparing to market or remodel their home. One of the resource tools I’ve found handy you can use is Remodeling Magazines “Costs vs Value Tool“.
It compares data with their annual report on the relationship between remodeling costs and resale value. You can compare national and regional averages for 33-35 popular remodeling projects and you can also download a PDF with project data for any one of 80 U.S. cities, including Phoenix homes.
Phoenix Home city data for the projects include:
- City Job Costs
- City Resale Value
- City Cost Recouped
- City/Region Comparison
- City/National Comparison
Here’s the link to the 2010-2011 Phoenix Home city data:
Remodeling Magazines tool can help Phoenix Home-owners compare and answer some of these common homeowner questions:
- How do current year numbers compare to the previous three years for homes in Phoenix or in your city?
- Are national or regional averages for some projects improving or declining compared with 2007, 2008-09 and 2009-10 results in your area?
- Are some projects performing better for homes this year than in the previous three years?
- How do numbers compare to those in other markets to your hometown?
Remodeling Magazine offers three types of data comparison reports and the best part is they’re FREE:
Some of the top fixes I personally believe are critical due to increased buyer appeal are:
- Paint (Interior and Exterior)
- Yard Cleanup / Landscaping
- Fixtures / Appliance updating
- Update Flooring
- Update Front Door
If you are considering making a move, would just like to compare values or have a desire to search for a new Phoenix home…you can begin your search by clicking on the big Search for Listings button below.