• Client Info
  • Realtor Info
  • Seller Login
  • Contact

Boulder Property Network

Boulder Property Network

Boulder County Real Estate

  • Home
  • Search Real Estate Listings
  • Duane’s Timely Topics
  • Results Count
    • Why We Work by Referral
    • Testimonials
  • Our Team
    • Timmy Duggan
    • Barb Passalacqua
    • Kelsey Jensen
    • Duane Duggan
  • Real Estate Blog
You are here: Home / Boulder Real Estate Blog / Remodeling your home in 2020?

Remodeling your home in 2020?

February 17, 2020 by The Boulder Property Network

The National Association of Realtors (NAR) produces the “Remodeling Impact Report,” which contains a wealth of information available to help you with home remodeling decisions.

Every year when spring arrives, homeowners think of remodeling, repairing and improving their homes. Reasons might include enhancing the sheer enjoyment of the home, practical updates, or getting the home ready to sell.

When a homeowner is remodeling a home for enjoyment or practical reasons, that’s one thing. Getting it ready to sell is another. If you are replacing single-pane windows because you can’t stand the drafts anymore, and you are planning on keeping the home for more than five years, the payback on the sale may not matter to you. However, if you’re prepping the home to sell, why spend money on specific home improvement projects if they don’t offer an immediate return? Sometimes the answer is that the project increases the attractiveness of the property to sell more quickly but may not return 100 percent of the amount invested. When you work with a Realtor®, you have the benefit of your Realtor’s access to research from the National Association of Realtors® (NAR). NAR produces the “Remodeling Impact Report,” which contains a wealth of information available to help you with these decisions.

The annual report on the impact of remodeling and its return on the investment is produced each year based on a survey of both Realtors and homeowners across the country. The report covers both internal and external home improvement projects. The results of the 2019 national survey are shown below:

Typical interior projects and their estimated return upon sale:
• Complete kitchen renovation – 59%
• Kitchen upgrade – 52%
• HVAC replacement – 85%
• New master suite – 50%
• Bathroom renovation – 57%
• Basement conversion to living area – 64%
• Add new bathroom– 50%
• New wood flooring – 106%
• Hardwood flooring refinishing – 100%
• Attic conversion to living area – 56%

Typical exterior projects and their estimated return upon sale:
• New roofing – 107%
• New vinyl windows – 71%
• New fiber-cement siding – 76%
• New wood windows – 57%
• New vinyl siding – 63%
• New garage door – 95%
• New steel front door – 75%
• New fiberglass front door – 74%

Remember, this is information based on a national report and all real estate is local. Be sure to consult your Realtor to determine which renovations are best for your neighborhood and can offer the best return on investment for your remodeling dollar.

By Duane Duggan. Duane has been a Realtor for RE/MAX of Boulder in Colorado since 1982 and has facilitated over 2,500 transactions over his career, the vast majority from repeat and referred clients. He has been awarded two of the highest honors bestowed by RE/MAX International: The Lifetime Achievement Award and the Circle of Legends Award. Living the life of a Realtor and being immersed in real estate led to the inception of his book, Realtor for Life. For questions, e-mail DuaneDuggan@boulderco.com, call 303.441.5611 or visit BoulderPropertyNetwork.com.

Filed Under: Boulder Real Estate Blog, Duane's Timely Topics Tagged With: #bouldercountyhousingmarket, #bouldercountyrealestate, #remodeling, #renovating

Contact Us

  • This field is for validation purposes and should be left unchanged.

Blog Archives

Featured Listings

$199,700For Sale!1199 Brainard Lake Ward, CO 80481View Listing
Lot 12: $173,000 / Lot 13: $174,700For Sale!0 5th St (Lot 12 & 13)Nederland, CO 80466View Listing

See all of our listings.

Recently Sold Properties

389,700Sold3365 Chisholm Trl B101Boulder, CO 80301View Listing
$2,997,000Sold3080 Galena WayBoulder, CO 80305View Listing
$649,700 Sold271 Jefferson AveLouisville, CO 80027View Listing
$628,700Sold170 Golden Gate Canyon RdBlack Hawk, CO 80422View Listing
$655,000Sold2323 Buttercup CtSuperior, CO 80027View Listing
$595,000Sold1513 Sepia AveLongmont, CO 80501View Listing
$873,000Sold5455 Lee Hill DrBoulder, CO 80302View Listing
$451,000Sold311 Windance RdEstes Park, CO 80517View Listing
$235,000 / 280,000Sold765 Pine St & 797 Pine StNederland, CO 80466View Listing
$770,000Sold705 Club Pl.Louisville, CO 80027View Listing

Tweets by BoulderPropNet

Download our App

Boulder Property Network AppGet the Boulder Property Network mobile app to start your search for a new home right from your phone or other mobile device!

Download it here >>

Neighborhood News Report

How's the market? We can provide you with accurate information on the real estate market activity (Listings , Sales & more) in the area you are most interested in!

Get your Neighborhood News here >

Free Home Valuation

Free Market ReportBoulder Property Network can provide you with the information that you need to make a plan for your real estate purchase or sale.

Get your home valuation >>

Looking to Sell?

Looking to Buy?

Information for Investors

Recommended Reading for REALTORS®

REALTOR® for Life

by Duane Duggan

realtor-for-lifeWhat does it take to be a REALTOR® for life? This book provides first hand knowledge from one of the most distinguished and active careers in real estate. Duane Discusses his newly published book here.

Purchase on Amazon

© 2023 Boulder Property Network • RE/MAX of Boulder Inc.
2425 Canyon Blvd. #110, Boulder, CO 80302
800-825-7000 x611

Boulder Property Network on FacebookBoulder Property Network on TwitterDuane Duggan on LinkedinOur listings on YouTubeDownload our Listings App
Site Map