Remodeling magazine’s annual report shows that maintenance-related projects and moderately priced upgrades are providing stable paybacks, even in a slower market.

Cost vs. Value Report 2008

Once again, exterior remodeling projects lead the way for recovery on dollars spent in this year’s Cost vs. Value survey. Click this link for previous Cost vs. Value surveys.  When you compare the national averages, replacement projects that boost curb appeal—siding, windows, and decks—give you the greatest chance of recouping your money. Inside, only kitchen remodels can compare, at least on a national level.

1. Upscale fiber cement siding (86.7%)

2. Midrange wood deck (81.8%)

3. Midrange vinyl siding (80.7%)

4. Upscale foam-backed vinyl (80.4%)

5. Midrange minor kitchen remodel (79.5%) 

6. Upscale vinyl window replacement (79.2%)

7. Midrange wood window replacement (77.7%)

8. Midrange vinyl window replacement (77.2%)

9. Upscale wood window replacement (76.5%

10. Midrange major kitchen remodel (76.0%)

If you would like to know how your home value has been affected by remodeling, let me perform a Comparative Market Analysis for you.  A CMA compares your home to similar properties in the area in order to produce a market value.  I’d be happy to take the time to put together this complimentary report.  You can provide your information by visiting my St. Louis Real Estate Resource page.  

Russell Nolting
NoltingRealEstate.com