Exterior Remodeling: Best Bang for Your Buck

Exterior remodeling.... what is the best bang for your buck?  Despite a slower market in some areas and a slight decrease in the resale value of most remodeling projects, REALTORS® report that the smartest home improvement investments may also be some of the least expensive.
On a national level, eight out of the top 10 projects in terms of costs recouped were exterior replacement projects that cost less than $14,000. Certain types of door and siding replacements, as well as wood deck additions all returned more than 80 percent of project costs upon resale. A steel entry door replacement – a new addition to this year’s list – recouped 128.9 percent of costs, followed by upscale fiber-cement sliding replacements at 83.6 percent. Wood deck additions recouped 80.6 percent of costs.

Once again, this information proves the importance of a home’s first impression.   With exterior projects returning a high percent of project costs upon resale, a Realtor® can help give your home curb appeal while adding value to the real estate transaction.
Regionally, cities in the Pacific states of Alaska, California, Hawaii, Oregon and Washington once again outperformed the rest of the nation in terms of remodeling costs recouped upon resale.
NAR