Honolulu Real Estate Home Improvement Cost vs. Value Report 2011-12
Fri, January 25, 2013 by By Yvonne Ahearn (B), Realtor-Broker You may be wondering whether to improve your Oahu real estate before you sell. Or you might be wondering what the return on your investment will be if you do a bath or kitchen remodel, or other improvements to your Oahu real estate. Either way, you will probably be doing well. Oahu is one of the few places where most improvements to your Oahu property will give you a great return on your investment. In fact, Oahu has probabaly the highest return for home improvements of any U.S. metropolitan area.
For example, take the following improvements for the City and County of Honolulu area:
| Average Cost | Average Value | % Recouped | |
|---|---|---|---|
| Midrange Bathroom Remodel | $18,937 | $19,469 | 102.8% |
| Minor Kitchen Remodel | $20,988 | $23,695 | 112.9% |
| Window Replacement (Mid-Range) | $13,391 | $14,207 | 106.1% |
| Deck Addition (Wood) | $13,741 | $15,005 | 109.2% |
Doing upgrades and imporvements to your Oahu property makes pretty good sense. If you are putting your Oahu home oN the market, a fresh look will help you sell your home faster, and if you plan to continue living in yOur home, improvements will help you enjoy your home more, while enhancing your long term investment.
All information on this site is believed to be reliable but is expressly not guaranteed. Blog Posts by various authors are the opinions of the author only and do not necessarily reflect the position of Home Shoppe Hawaii or other contributors. This blog does not give legal or tax advice and readers are encouraged to check with licensed professionals for advice on any specific topic and to verify any information herein. Questions? Please contact Yvonne Jaramillo Ahearn at 808-721-8088.
inBuying a Home on Oahu, Miscellaneous, Oahu Information & Tips, Selling Oahu Homes
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