For the first time in six years, the overall average cost-value ratio has improved, reaching 60.6 percent,” said Sal Alfano, Editorial Director of Hanley Wood’s Residential Remodeling Group.
Washington, D.C. (PRWEB) January 22, 2013
REMODELING Magazine announced today the release of its 26th annual Remodeling Cost vs. Value Report covering the 35 most popular home remodeling and renovation projects. The 2013 report covers 81 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.
“For the first time in six years, the overall average cost-value ratio has improved, reaching 60.6 percent,” said Sal Alfano, Editorial Director of Hanley Wood’s Residential Remodeling Group. “This year is a complete turnaround from the previous report when percentages dropped in all but three categories.”
In 2013, the five remodeling projects with the highest return were 1) Entry Door Replacement; 2) Fiber Cement Siding; 3) Wood Deck Addition; 4) Garage Door Replacement; and 5) Minor Kitchen Remodel.
Visit the official website of the Cost vs. Value report to download a PDF containing side-by-side national, regional, and city data tables. Or get the free 2013 Cost vs. Value iPhone app at the App Store (the app will be updated with 2013 data in early February).
About the REMODELING Cost vs. Value Report
Published for 26 years, REMODELING’s prestigious Cost vs. Value Report (http://www.costvsvalue.com) compares construction cost with resale value for popular home improvement projects in 81 U.S. markets. REMODELING magazine reaches over 98,000 remodeling professionals who are the top influencers, specifiers and purchasers of products and services in the $300 billion remodeling industry. Construction costs are provided by RemodelMax, 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 The Farnsworth Group, 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, LLC is the premier media, information and marketing services company serving the residential, commercial design and construction industries. Through its operating platforms, the company produces award-winning digital and print publications, e-Newsletters, websites, marquee trade shows and events, market intelligence data and custom marketing solutions. The company also is North America's leading publisher of home plans.