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American Exteriors – How Remodeling Can Increase Your Home’s Value

According to Market Watch, almost 50% of remodeling companies have reported an increase in business as homeowners remodel their homes instead of buying new homes or moving. Why is it that homeowners are remodeling and how does remodeling increase a homes value?

According to the Joint Center for Housing Studies, the annual spending on home remodeling projects is expected to rise 5.9% by the end of 2012. One good reason for this is the weak housing economic market. Homeowners are still cautious about spending for big ticket items and instead are opting for projects which have the potential to increase their home market value.

But how does remodeling affect the market value of your home?

According to Remodel Magazine 2011/2012 Cost vs. Value report, the top 10 remodeling projects are as follows:

Project Job Cost Resale Value Cost Recouped
Siding Replacement (fiber-cement) $13,461 $10,493 78.0%
Garage Door Replacement $2,994 $2,129 71.1%
Siding Replacement (foam-backed vinyl) $14,274 $9,937 69.6%
Window Replacement (vinyl) $14,328 $9,898 69.1%
Window Replacement (wood) $18,999 $12,175 64.1%
Grand Entrance (fiberglass) $7,488 $4,554 60.8%
Major Kitchen Remodel $110,938 $63,731 57.4%
Bathroom Remodel $52,249 $28,972 55.5%
Deck Addition (composite) $37,829 $20,637 54.6%
Roofing Replacement $37,481 $20,435 54.5%

In today’s economy, remodeling not only makes sense as you seek to increase the comfort level but also from a financial aspect  as well.

If you are interested in a siding or window remodel, please contact American Exteriors at www.amext.com.
We look forward to working with you.