Posts Tagged ‘remodeling trends’

Getting the most for your home improvement & remodeling spending – The 2011-2012 Cost to Value Report

Monday, November 28th, 2011
Vinyl replacement windows provide a good return on investment
Vinyl replacement windows provide a good return on investment

Everyone is looking for value these days for their hard earned dollars. There may be no place where this is as true as it is with money spent on residential real estate. With home value still declining (although at a slower rate) when homeowners do decide to spend money they are careful where they are allocating their remodeling budget.

 

If you’re looking for some guidance on the right type of remodeling projects to give you the biggest bang for your buck an excellent reference source is the 2011-2012 Cost to Value report. This report is done through a group of collaborative surveys done by Realtor Magazine (who gets estimated resale value data through sales agents, brokers & appraisers), Specspan (an on line marketing and research company which host the on line survey) and HomeTech Publishing (a developer and publisher of construction estimating books and software).  Here’s a recap of the conclusions, trends and some of the top home improvement & remodeling projects bases on their respective return on investments.

 

 

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Remodeling Trends 2010 & 2011 – How to get the biggest bang for your buck

Thursday, November 25th, 2010
Basement Remodeling to add cost effective living space
Basement Remodeling Adds Cost Effective Living Space vs. a Room Addition
Steel Entry Door for curb appeal and high cost/value relationship
Steel Entry Doors Add Curb Appeal and Provide a Great Value vs. Cost

Maybe at no time in recent history is it more important than now to spend your money wisely. We’re just pulling out of a recession (at a slower pace than most would like), housing and resale prices are still depressed, and unemployment is coming down (very slowly).

So – if you’re in a home that’s in desperate need of several home improvement projects where should you begin to get the most return for money spent? Is there some type of statistical guide to help you prioritize remodeling projects based on the market value they will add to your home? Fortunately the answer is yes!

Every year the remodeling industry with the assistance of Realtor magazine, the National Association of Realtors, Specpan (an on line market research company) and HomeTech Information Systems (an estimating software developer) team up to complete the Cost to Value Report. Here’s a quick recap of the findings:   Continue reading “Remodeling Trends 2010 & 2011 – How to get the biggest bang for your buck” »