The 2013 Cost vs. Value report by Remodeling Magazine is out and it shows a positive sign for the remodeling industry with the national average of cost-value ratio rising for the first time in six years.
The report is broken up into nine regions of the United State with the Connecticut and New England Region showing an uptick in value of all projects compared to last year’s report. For Connecticut the report is broken further down to New Haven and Hartford with a downloadable pdf.
The national data of the Cost vs. Value report compares the average cost of 35 popular remodeling projects with the value of those projects retain at sale. You can view national data for the projects or go to regional data for a more detailed look as well as mid-range vs. high-range remodel values.
Some of the 35 remodeling projects are:
- Two Story Addition
- Bathroom Additions
- Bathroom Remodels
- Kitchen Remodel
- Roofing Replacement
- Window Replacement
- Garage Door Replacement
- Front Door Replacement
The ‘trend’ page of the report shows various charts such as:
- Cost vs. Value 10 yr. trend
- Cost Recouped by Region
- Replacement vs. Remodeling and more.
When considering a remodel or addition consult your local green professional for tips and advice. Green building does not have to cost more and can save you money, less maintenance and create a healthier living environment for your family.
David Popoff is a certified “Green” Realtor in lower Fairfield County, Connecticut.
DMK Property Management llc is locally owned company serving lower Fairfield County, Connecticut.
Specializing in Residential Property Management that can custom tailor a program to fit the homeowners needs be it short term or long term from rental management to full estate management.