2015 Cost vs. Value Report
Something to consider when planning a project for your home is whether it will have a good Return on Investment (ROI) when it’s time to sell.
Each year, the Cost vs. Value report is compiled by Realtor Magazine and the National Association of Realtors and published by Remodeling Magazine, which looks at various projects and determines which ones get the biggest ROI.
This year, while most improvements’ ROI dipped, many of the exterior projects continue year after year to provide a great ROI for homeowners. The one providing the biggest bang for your buck? A Steel Entry Door with a whopping 101.8% ROI, more than the door installation costs!
Other high ROI improvements include:
- Fiber Cement siding replacement (84.3%)
- Wood Deck Addition (80.5%)
- Roofing Replacement (71.6%)
- Wood Replacement Windows (78.8%)
On the other end of the scale, there are improvements that homeowners should be aware that they will not recoup the money that they spent.
Some of these include:
- Home Office Remodel (48.7%)
- Sunroom Addition (48.5%)
- Bathroom Addition (58.7%)
It seems like the exterior projects provide more bang for your buck when it comes to ROI. Perhaps it is the “Curb Appeal” aspect of these projects, but homeowners should be smart and do their research before planning a project. Fichtner Services has estimators on staff that can help you with this type of determination depending upon what your goals are for the project.
You can see the whole report here: http://www.remodeling.hw.net/cost-vs-value/2015/