"Replacement projects are again performing better in resale value than other types of remodeling."
-- Sal Alfano, Editorial Director of REMODELING
Washington, D.C. (PRWEB) November 14, 2011
REMODELING Magazine released today its 25th annual Cost vs. Value Report covering the 35 most popular home remodeling and renovation projects. The free 2011-2012 report covers 80 U.S. cities and is available for download at http://www.costvsvalue.com. The report contains data that compares construction costs for popular remodeling projects against the share of those costs recovered at resale. In addition to city data, the report includes tables with national and regional averages.
“Replacement projects are again performing better in resale value than other types of remodeling,” said Sal Alfano, Editorial Director of REMODELING. “Seven of the 10 top-ranked projects include exterior replacements of siding, windows and doors. This is partly because they impact curb appeal and also because they are relatively low cost.”
The three remodeling projects with the highest return in 2011-12 are 1) Fiber Cement Siding Replacement; 2) Entry Door Replacement; and 3) Attic Bedroom Remodel, followed by minor kitchen remodels, garage door and window replacements.
The Cost vs. Value Report includes a comparison tool, which allows users to compare data with other cities, as well as to other years and to download as a PDF. 3-D Google SketchUp renderings are also available for all of the projects in this year’s Cost vs. Value Report. Visitors can click on the project name in the data tables, then “look around” just by moving the cursor inside the QuickTime movie player. They can also download the complete SketchUp model.
A 2011-12 Cost vs. Value iPhone app is also available at the AppStore.
Realtors and remodelers can also create personalized on-demand reprints with specific city data from the Cost vs. Value report at http://www.remodeling.hw.net/reprints/index.html. There are four standard reports available as mailers or handouts: All Projects, Replacements, Top Projects and Kitchen & Bath Projects.
About REMODELING’s Cost vs. Value Report
Published for 25 years, REMODELING’s prestigious Cost vs. Value Report (http://www.costvsvalue.com) compares construction cost with resale value for popular home improvement projects in 80 U.S. markets. REMODELING Magazine reaches 85,000 remodeling professionals who are the top influencers, specifiers and purchasers of products and services in the $299 billion remodeling industry. Construction costs are provided by HomeTech Publishing, a remodeling estimating software company. Resale value data are aggregated from estimates provided by members of the National Association of Realtors through an email survey broadcast by Realtor Magazine. Indianapolis-based Specpan, a market research company, hosts the Web-based survey, collects and compiles the data, and provides pre-and post-survey consulting. Follow more remodeling trends at http://www.remodelingmag.com.
About Hanley Wood
Hanley Wood is a leading business-to-business media company focused on the residential, commercial construction and design industries. Its diverse portfolio includes magazines, websites, e-newsletters, exhibitions and conferences, custom marketing and data services.
Hanley Wood is comprised of four operating platforms: m Media, which publishes more than 20 magazines, featuring REMODELING, BUILDER and ARCHITECT magazines, along with related websites, e-newsletters, and conferences; Exhibitions, which produces marquee events such as the Remodeling Show, World of Concrete, and the AIA National Convention and Design Expo that bring residential and commercial construction professionals face-to-face with manufacturers, suppliers, distributors, and service providers; Market Intelligence, which collects and aggregates proprietary data sets that capture hundreds of pieces of profile and material information about housing developments in more than 750 housing markets; and Marketing, which plans, creates, and executes strategic and integrated marketing solutions for its clients. See http://www.hanleywood.com.