2016 Cost vs. Value Report by Remodeling Magazine.
The 2016 edition of Cost vs. Value Report by Remodeling Magazine is out and it shows that there is a slight gain in remodeling project’s payback with an average of 64.4% of a projects cost getting recouped if the home sells in one year.
The report compares the average cost of 30 popular remodeling projects against the value of those projects at resale in 100 US markets. The remodeling projects are broken up into two categories:
Midrange projects include such items as attic insulation, garage door replacement, siding replacement, deck addition and backup generator.
Upscale projects such as bathroom addition, major kitchen remodel, master suite addition.
The data show that nationally the highest returns are in:
- Attic Insulation 116.9%
- Manufacture Stone Veneer 92.9%
- Garage Door Replacement 91.5%
- Entry Door Replacement 91.1%
- Minor Kitchen Remodel 83.1%
The report is broken down into National results and then nine regional results with further breakdown to individual municipal areas. The nine regional areas are:
- East North Central
- South Atlantic
- East South Central
- New England
- West North Central
- Middle Atlantic
- West South Central
Interested in Energy Efficient Improvement then go to Pay Back on Green Home Improvements to see what return of investments you get from such popular green remodels such as energy star windows, water heater replacement, HVAC upgrades, insulation and more.
For more information on Home Trends in Fairfield County, Connecticut contact DMK Real Estate.
Call DMK for step by step assistance working with buyers, sellers, builders, landlords and tenants