Remodeling Cost Vs. Value Report

By Robert Robillard on Uncategorized

2010-11 Remodeling Cost Vs. Value Report

 

The 2010-2011 Remodeling Cost Vs Value Report is out.  Below is a summary of the most important information.  Basically I was interested in seeing what gives my clients the best return on investment [ROI].  You can read the entire report here.

Porch stairs

Remodeling Cost Vs. Value Report

Replacement projects have been king these past few years and continue to lead this year.

THE TOP TEN RANKING REMODELING PROJECTS

According to Remodeling  magazine, the first 10 spots in the national ranking are occupied by 13 projects (including ties), and it’s a sign of the times that nine of them are exterior replacements.

Replacement projects have always performed better in resale value than other types of remodeling projects partly because they are among the least expensive projects in the report, and partly because they are need based improvements that both protect a homeowner’s investment and contribute to resale.

The top two projects, entry door replacement and garage door replacement, are the two least-expensive projects evaluated.  But the number-three spot is occupied by fiber-cement siding replacement, which comes with an “upscale” price tag that averages $13,382 nationally.

Since it was added to the survey in 2005, fiber-cement siding replacement has been remarkably stable: it has ranked first every year among projects costing $5,000 or more, and this year showed the smallest cost increase (less than 1%) of any project.

The four non-replacement projects in the top 10 also seem to refiect the price-conscious mood of remodeling customers, although to different degrees. Wood deck addition, which tied for fourth with minor kitchen remodel, is not only relatively inexpensive, it is almost considered essential rather than discretionary, particularly in neighborhoods where every home has an outdoor living space.

Top Ten Remodeling Projects

1.  Entry door replacement

2.  Garage door replacement

3.  Siding replacement [Cement Fiber]

4. Major kitchen remodel TIED with New Deck

5.  Vinyl window replacement  [high end windows]

6.  Vinyl siding replacement TIED with wood window replacement

7.  Attic bedroom remodel

8.  Vinyl window replacement [moderate windows]

9.  Basement remodel

10. Garage door replacement [high end door]

Source: Remodeling Cost V Value Report 2010-11

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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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