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Over the years, home trends come and go. What was once ultra cool is now outdated. Remember those lovely 70’s orange countertops, or avocado green appliances? Most buyers today would shiver at the sight of them, but a simple kitchen remodel could be a home owners saving grace to successfully selling their home and having the buyers jumping for joy. While renovations can help your home sell faster, don’t expect to get much of that money back.

Each year Remodeling magazine comes out with a Cost vs. Value Report which highlights remodeling projects across the nation and by region, comparing their cost to the value retained upon sale of the home. The Twin Cities is one such region which gets its own specific report. Lucky us!

According to the Minneapolis report for upscale homes, the project topping the charts for greatest % of return is siding replacement with fiber-cement board. The next two top projects are garage door replacement and window replacement (vinyl). In contrast, the top projects for mid-range homes are minor kitchen renovations, front door replacement, and the addition of a deck.

It’s interesting that the areas of the home always thought to be the best renovation projects are not the chart toppers. Kitchen renovations get only 57% of their original cost for high-end homes, and one of the lowest bangs for your buck is a master suite addition. Of course home owners want to “live” in their homes and therefore will always do projects that makes their lives simplier, or more luxurious, not necessarily concentrating on if the project will be a good return on their investment.

If you are planning on a future remodel, and want to get an idea on the resale value of your efforts, take a look at the report. If you want to renovate your home for yourself, then does it really matter what the return on investment it? After all, replacing that roof might only get you 39% of your money back, but I am pretty sure having a dry home would trump any desire to recoup your costs.

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Contemporary styled homes, or as others might call them “Modern”,  are not the first choice for most home owners in the Twin Cities. Many do exist, but are scattered throughout the Twin Cities. The square construction and angular design are unique, but some times don’t fit the wooded surroundings. With a limited number of buyers that actually like Contemporary Homes in Minneapolis, they aren’t easy to sell.

Below are three of the most expensive Modern homes in the Twin Cities:   

contemporary home at 603 Parkview Terrace, Golden Valley

603 Parkview Terrace, Golden Valley

 Priced at $1.8 Million, this 6400 square foot home was built in 2007 and is currently listed with Remax Results. Its rooftop deck overlooks Wirth Park which is just minutes from downtown Minneapolis. 

 

contemporary lake minnetonka home

19845 Manor Rd, Deephaven, MN

   Located in Deephaven near Lake Minnetonka, this 2004 constructed home is listed for $1.45 Million by Coldwell Banker Burnet. It boasts almost 4000 square feet and sits on 1.25 acres of land.  

   

contemporary minneapolis home for sale

2100 W Lake of the Isles, Minneapolis, MN

 Coming in as the most expensive Contemporary home currently for sale, this 5500 square foot home is listed at $3.195 Million with Lakes Sotheby’s International and sits on the Northwest side of Lake of the Isles in Minneapolis.     Sold for $2.61 Million

 

[idx-listings linkid=”117244″]

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