2008-2009 Cost vs. Value Remodel Report

By Robert Robillard on Uncategorized

The yearly Cost vs. Value report is now out, showing the cost recouped for various remodel projects throughout the nation.

Projects with some of the greatest returns included siding replacement, adding a wood deck, replacing windows, and minor kitchen and bathroom remodels.

This year’s Cost vs. Value results extend last year’s trend toward higher returns on smaller, lower-cost, maintenance-related projects. 

Siding and window replacement projects once again occupy seven of the top 10 rankings for cost recouped, partly because they are often necessary repairs and involve durable, low-maintenance materials that improve curb appeal, and partly because, at a construction cost of between $10,000 and $14,000, they are among the lowest-priced projects in our survey. 

The high value of window replacement projects may also indicate that rising energy prices continue to influence remodeling decisions. Although the payback period on replacement windows can vary greatly, in homes with windows more than 15 years old, new windows not only reduce maintenance and boost curb appeal, their higher insulation levels and greater air tightness also improve a home’s energy efficiency.

Cost Vs Value Report 2008-2009

It’s interesting to check out the graph showing that last statistic, it’s the second graph on this 2008 Cost vs. Value Trends page.

Source: Remodeling Magazine

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About the author

Robert Robillard

Carpenter / Remodeler / Editor

Rob Robillard is “The Concord Carpenter” Rob is a builder, general contractor, carpenter, woodworker, and editor of Concord Carpenter and ToolBoxBuzz As a General Contractor and carpenter, Rob owns and operates Concord Carpenter LLC. A full-service remodeling and construction company. Rob is a recognized leader in home building best practices and a source for how-to information for building professionals. On this website, Rob covers all aspects of home construction, building science, home improvement, woodworking, remodeling, and some of the best product and tool reviews. Rob is in charge of our Tool and Product Review series - Concord Carpenter Videos where we post all of our tool reviews and video tutorials. Rob approaches remodeling and building construction with a pragmatic and problem-solving approach. He enjoys using his knowledge and experience to help and educate building professionals as well as DIYers on best practices in the construction and remodeling industry. He's a strong advocate for "raising the bar" in the construction trades and promoting the trades to youth. #BeAMentor #Green2Great Craftsmanship, quality, and pride guide his journey on this channel The Concord Carpenter's motto: "Well done is better than well said!" : Read more about Rob

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