Wednesday, August 20, 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

.

News

Priest Mine open Labor Day weekend

By Dawn Hodson | From Page: B1

 
Marilyn Ferguson — a city jewel

By Wendy Schultz | From Page: A1 | Gallery

Heard over the back fence: Sand Fire benefit Friday

By Bob Billingsley | From Page: B1

 
Missing man found drowned

By Cole Mayer | From Page: A1

Sacto board OKs Mather’s 20-year plan

By Julie Samrick | From Page: A1

 
Body found by Hwy 50

By Cole Mayer | From Page: A1

 
Georgianne Knight joins county ed board

By El Dorado County Office of Education | From Page: B1

Plane crash victim ID’d

By Cole Mayer | From Page: A1

 
Maury Erickson of Atwood Insurance dies

By Dawn Hodson | From Page: A3

Tea Party meeting on Common Core

By Tea Party Patriots Of El Dorado Hills | From Page: A3

 
Job fair Aug. 22

By Health and Human Services Agency | From Page: A10

.

Opinion

Dave Pratt for District 2

By Mountain Democrat | From Page: A4

 
The Democratic-Chronicles: Democracy denied

By Gene Altshuler | From Page: A4

My turn: Course and program offerings at the El Dorado Center

By Special to the Democrat | From Page: A4

 
.

Letters

You decide

By Letters to the Editor | From Page: A5

 
High crimes and misdemeanors

By Letters to the Editor | From Page: A5

Traffic troubles

By Letters to the Editor | From Page: A5

 
Immigration

By Letters to the Editor | From Page: A5

Attention EID ratepayers

By Letters to the Editor | From Page: A5

 
.

Sports

City harriers trade concrete for foothills

By Jerry Heinzer | From Page: A6 | Gallery

 
Smashing good times

By Mike Bush | From Page: A6 | Gallery

Outside with Charlie: Grab your tents

By Charlie Ferris | From Page: A6

 
Cougars’ hopes high for second consecutive winning season

By Mike Bush | From Page: A6 | Gallery

2014 El Dorado football roster

By Democrat Staff | From Page: A7

 
.

Prospecting

7 hours of music at Peace Festival

By News Release | From Page: B2

 
At a glance: Aug. 20, 2014

By Mimi Escabar | From Page: B2

 
Master gardener: Roll out the pollinator welcome mat

By Uc Cooperative | From Page: B3

Welcome Home El Dorado Slow Ride planned

Press Release | From Page: B4

 
.

Essentials

Crime Log: Aug. 1

By Cole Mayer | From Page: A2

 
Weather stats

By Michael Raffety | From Page: A2

.

Obituaries

James John Hutchinson

By Contributor | From Page: A2

 
Frank Bridges Jr.

By Contributor | From Page: A2

Darlene Knowles

By Contributor | From Page: A2

 
Amber Sakura (Azalove) Wheeler

By Contributor | From Page: A2

Louise Ann “Tyke” Cody

By Contributor | From Page: A2

 
.

Real Estate

.

Comics

Speed Bump

By Contributor | From Page: A8

 
Tundra

By Contributor | From Page: A8

Horoscope, Thursday, August 21, 2014

By Contributor | From Page: A8

 
Horoscope, Wednesday, August 20, 2014

By Contributor | From Page: A8

TV Listings

By Contributor | From Page: A8

 
Shoe

By Contributor | From Page: A8

Sudoku

By Contributor | From Page: A8

 
Rubes

By Contributor | From Page: A8

New York Times Crossword

By Contributor | From Page: A8

 
Long Story Short

By Contributor | From Page: A8

Flying McCoys

By Contributor | From Page: A8