Home Improvements: Cost vs. Value Report 2010
Posted by James Desmond on Wed, May 05, 2010 @ 01:40 PM
The annual Cost vs. Value report for the Home Improvement industry has come out from Remodeling Magazine and the Window and Siding categories have remained stable in the top 10 since 2005. Over the past 5 years, exterior replacement projects such as Siding, Roofing and Windows have continued to rise through the charts in this report. This change in Cost vs. Value for these projects is due to the growing importance of "Curb Appeal" in the housing market. Homeowners have been retaining their investments over time for exterior replacement projects (see below) when it has come time to sell. Another reason why exterior replacements have climbed up the ladder in Cost vs. Value is because they are generally cheaper than other home improvement projects. This report is done on a national level, but broken down for specific counties like Hartford and New Haven. Here is a look at an excerpt from the Hartford County Report:
Project Cost Recouped
Vinyl Siding Replacement 86.0 %
Vinyl Window Replacement 82.3 %
Entry Door Replacement 117.0 %
Roof Replacement 67.4 %
Sunroom Addition 49.8 %
Home Office Remodeling 47.8 %
Basement Remodeling 64.0 %
Family Room Addition 62.3 %
Garage Addition 61.0 %
MasterSuite Addtion 63.4 %
(The Remodeling Magazine Cost vs. Value Report 2009-2010)