Home owners looking for the most return on their investment when it comes to remodeling should consider exterior replacement projects. According to the 2013 Remodeling Cost vs. Value Report, REALTORSÂ® rated exterior projects among the most valuable home improvement projects.
â€œREALTORSÂ® know that curb appeal projects offer great bang for your buck, because a homeâ€™s exterior is the first thing potential buyers see,â€ said National Association of REALTORSÂ® President Gary Thomas. â€œProjects such as siding, window and door replacements can recoup more than 70 percent of their cost at resale. REALTORSÂ® know what home features are important to buyers in your area and can provide helpful insights when considering remodeling projects.â€
According to the Cost vs. Value Report, REALTORSÂ® 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.
To read the full project descriptions and access national and regional project data, visit www.costvsvalue.com.Â â€œCost vs. Valueâ€ is a registered trademark of Hanley Wood, LLC.