For the second consecutive year, research data shows that the value of remodeling is up for all 35 projects included in a recent survey. This trend signals an end to the long slide in the cost-value ratio, which began to fall in 2006 and didn’t begin to rebound until last year. For 2014, the cost-value ratio stands at 66.1%, a jump of 5.5 points over last year and the largest increase since 2005, when the ratio jumped 6.1 points to reach its high of 86.7%. -source: remodeling, hanley-wood
Remodeling Magazine produces the Annual Cost vs. Value Report to help homeowners see the value in making home improvements that will improve the resale value of their home. The report breaks down projects by type and scale, as well as by region and city. An itemized breakdown shows an average cost of window replacements is vastly different in Burlington, VT than in San Francisco – likewise, so is the estimated value of those repairs at time of resale.
What are some of the projects you have planned?
Use this Remodeling Magazine: Home Remodeling calculator to estimate costs & value of your next project.