Friday, November 21, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

Exterior projects provide biggest return on investment, Realtors say

By
From page C18 | February 08, 2013 |

Subscription Required

Thank you for reading the MtDemocrat.com digital edition. In order to continue reading this story please choose one of the following options.

Current Subscribers
If you are a current subscriber and wish to obtain access to MtDemocrat.com, please select the Subscriber Verification option below. If you already have a login, please select "Login" at the lower right corner of this box.

Subscriber Verification

Special Introductory Offer
For a short time we will be offering a discount to those who call us in order to obtain access to MtDemocrat.com and start your print subscription. Our customer support team will be standing by Monday through Friday, 8am to 5pm to assist you.

Call and Save! (530) 344-5000

If you are not a current subscriber and wish not to take advantage of our special introductory offer, please select the $12 monthly option below to obtain access to MtDemocrat.com and start your online subscription

Help?

“Realtors know that curb appeal projects offer great bang for your buck, because a home’s exterior is the first thing potential buyers see,” said National Association of Realtors President Gary Thomas, broker-owner of Evergreen Realty, in Villa Park. “Projects such as siding, window and door replacements can recoup more than 70 percent of their cost at resale. Realtors know what home features are important to buyers in your area and can provide helpful insights when considering remodeling projects.”

Results of the report are summarized on NAR’s consumer Website HouseLogic.com, which provides information on dozens of remodeling projects, from kitchens and baths to siding replacements, including the recouped value of the project based on a national average. According to the Cost vs. Value Report, Realtors judged a steel entry door replacement as the project expected to return the most money, with an estimated 85.6 percent of costs recouped upon resale. The steel entry door replacement is the least expensive project in the report, costing little more than $1,100 on average. A majority of the top 10 most cost-effective projects nationally in terms of value recouped are exterior replacement projects; all of these are estimated to recoup more than 71 percent of costs.

Three different siding replacement projects landed in the top 10, including fiber cement siding, expected to return 79.3 percent of costs, vinyl siding, expected to return 72.9 percent of costs, and foam backed vinyl, expected to return 71.8 percent of costs. Two additional door replacements were also among the top exterior replacement projects. The midrange and upscale garage door replacement were both expected to return more than 75 percent of costs.

According to the report, two interior remodeling projects in particular can recoup substantial value at resale. A minor kitchen remodel is ranked fifth and is expected to return 75.4 percent of costs. Nationally, the average cost for the project is just less than $19,000.

The second interior remodeling project in the top 10 is the attic bedroom, which landed at number eight and tied with the vinyl siding replacement with 72.9 percent of costs recouped. With an average national cost of about $48,000, the attic project adds a bedroom and bathroom within a home’s existing footprint. The improvement project projected to return the least is the home office remodel, estimated to recoup less than 44 percent.

The 2013 Remodeling Cost vs. Value Report compares construction costs with resale values for 35 midrange and upscale remodeling projects comprising additions, remodels and replacements in 81 markets across the country. Data are grouped in nine U.S. regions, following the divisions established by the U.S. Census Bureau. This is the 15th consecutive year that the report, which is produced by Remodeling magazine publisher Hanley Wood, LLC, was completed in cooperation with NAR.

Realtors provided their insights into local markets and buyer home preferences within those markets. The 2013 national average cost-to-value ratio rose to 60.6 percent, ending a six-year decline. The ratio represents nearly a three-point improvement over 2011-2012. Lower construction costs are the principal factor in the upturn, especially when measured against stabilizing house values. In addition, the cost-to-value ratio improved nationally for every project in this year’s report and is higher than it was two years ago for both remodeling and replacement projects.

“A Realtor® is the best resource for helping homeowners decide what improvement projects will provide the most upon resale in their market,” said Thomas. “Each neighborhood is different, and the desirability and resale value of a particular remodeling project varies depending on where you live. When making a home remodeling decision, resale value is just one factor that homeowners should take into consideration. Consult a Realtor®to make sure you are making the best decision.”

Most regions followed the national trends; however the Pacific region, consisting of Alaska, California, Hawaii, Oregon and Washington, once again led the nation with an average cost-value ratio of 71.2 percent, due mainly to strong resale values.

To read the full project descriptions and access national and regional project data visit costvsvalue.com.

Comments

comments

  • Recent Posts

  • Enter your email address to subscribe and receive notifications of new posts by email.

  • .

    News

     
    High school enrollment dropping

    By Wendy Schultz | From Page: A1

     
     
    Hiker plucked from river rock

    By Cole Mayer | From Page: A1 | Gallery

    Hangtown Creek to be cleaned up

    By Wendy Schultz | From Page: A3

     
    PPD arrests alleged child molester

    By Cole Mayer | From Page: A3

    PHS locked down for 10 minutes

    By Cole Mayer | From Page: A12

     
    Bear survives collision with car

    By Cole Mayer | From Page: A13

     
    $45k ready to be distributed to King Fire victims

    By News Release | From Page: A13

    .

    Opinion

    The weekly Daley: New words

    By Chris Daley | From Page: A4

     
    Billingsley’s Bullets: Words that scare me

    By Bob Billingsley | From Page: A4

    Masters of disaster

    By Mountain Democrat | From Page: A4

     
    .

    Letters

    Military votes

    By Letters to the Editor | From Page: A5

     
    Excellent article

    By Letters to the Editor | From Page: A5

    Crystal Citadel

    By Letters to the Editor | From Page: A5

     
    Election humor

    By Letters to the Editor | From Page: A5

    Auto roundabout

    By Letters to the Editor | From Page: A5

     
    Response to colony collapse editorial

    By Letters to the Editor | From Page: A5

    .

    Sports

    Trojan captain delivers on, off the court

    By Jerry Heinzer | From Page: A9 | Gallery

     
    Steve Scott back coaching

    By Mike Bush | From Page: A9

    Lady Trojans drop semis heartbreaker

    By Mike Bush | From Page: A9

     
    Perry top-40 at state finals

    By Democrat Staff | From Page: A9 | Gallery

    Sports Scene: Nov. 20, 2014

    By Democrat Staff | From Page: A9

     
    Resorts to open before holiday weekend

    Press Release | From Page: A10

    .

    Prospecting

    ‘Oliver!’ transcends time

    By Pat Lakey | From Page: B1 | Gallery

     
    From weeds to garden

    By Tripp Mikich | From Page: B2 | Gallery

    Things to do: Nov. 21, 2014

    By Democrat Calendar | From Page: B2

     
    Find special gifts in the Pines

    By Pat Lakey | From Page: B3

    Chili and chocolate are a perfect pair

    By Democrat Staff | From Page: B3

     
    Final boarding call for Polar Express

    By Virginia And Truckee Railroad | From Page: B4

    HolliFaire features holiday gifts

    By News Release | From Page: B4 | Gallery

     
    Placer County discovers new gold in Mandarins

    By Mountain Mandarin Festival | From Page: B5

    Cheap Trick sings hits at MontBleu

    By Montbleu | From Page: B5

     
    Camp Richardson offers unappy winter fun

    By Camp Richardson | From Page: B5

    Geology Club rocks on

    By California State Unversity, Sacramento | From Page: B7

     
    See Disney’s ‘Beauty and the Beast’ at Harris Center

    By Harris Center for the Arts | From Page: B7

    Weezer really did play Slim’s

    By Jerry Heinzer | From Page: B7

     
    Learn about Midtown Sacramento

    By Sacramento County Historical Society | From Page: B8

    Visit the underground in Sacramento

    By Historic Old Sacramento | From Page: B8

     
    .

    Essentials

    Lake levels 11-20-14

    By Michael Raffety | From Page: A2

     
    Crime Log: Oct. 27-30

    By Cole Mayer | From Page: A2

    .

    Obituaries

    Paul C. Ambrose funeral notice

    By Contributor | From Page: A2

     
    .

    Real Estate

    Ten reasons your house isn’t selling

    By Ken Calhoon | From Page: HS3

     
    Home ownership: It’s not all about the money

    By Marni Jameson | From Page: HS6

     
    Selling your home: What about the price?

    By Special to the Democrat | From Page: HS14

     
    Kentland is a duplex with country charm

    Press Release | From Page: HS18

    Roomy Barnhart ideal for gatherings

    Press Release | From Page: HS19

     
    .

    Comics

    Tundra

    By Contributor | From Page: A11

     
    Shoe

    By Contributor | From Page: A11

    Sukodu

    By Contributor | From Page: A11

     
    Rubes

    By Contributor | From Page: A11

    Long Story Short

    By Contributor | From Page: A11

     
    TV Listings

    By Contributor | From Page: A11

    Speed Bump

    By Contributor | From Page: A11

     
    New York Times Crossword

    By Contributor | From Page: A12

    Horoscope, Sunday, November 23, 2014

    By Contributor | From Page: A12

     
    Horoscope, Saturday, November 22, 2014

    By Contributor | From Page: A12

    Horoscope, Friday, November 21, 2014

    By Contributor | From Page: A12

     
    .

    Home Source

    Ten reasons your house isn’t selling

    By Ken Calhoon | From Page: HS3

    Home ownership: It’s not all about the money

    By Marni Jameson | From Page: HS6

    Selling your home: What about the price?

    By Special to the Democrat | From Page: HS14

    Kentland is a duplex with country charm

    Press Release | From Page: HS18

    Roomy Barnhart ideal for gatherings

    Press Release | From Page: HS19