Remodeling Pays in the Bay Area

According to Remodeling’s 2017 Cost vs. Value report renovation projects inthe Bay Area generally have a high payback percentage with approximately 3 out of 4 showing a return exceeding 100 percent.

Jobs such as adding manufactured stone veneer, a replacement garage door or attic insulation can bring a return of 190 percent, depending on the region.

Analysts expect remodeling to continue strong in 2017 both as a result of rising mortgage rates, which will induce many homeowners to renovate rather than purchase a new property, and also price appreciation which will increase home equity lines of credit for many.

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