You love your home but the kitchen size/layout isn’t conducive to the parties you’d like to host. You’ve thought about putting an addition on or maybe just renovating your existing space but you’re not sure what to do? Here’s a quick overview of the 10 top remodeling projects from Remodeling Online’s 2006 Cost vs Value Report for New England.
1. Vinyl Siding: should return 94.4% of $8,717 investment
2. Upscale Foam Backed Vinyl Siding: should return 93.6% of $10,558 investment
3. Wood Replacement Windows: should return 91.6% of $11,218 investment
4. Vinyl Replacement Windows: should return 88.4% of $13,295 investment
5. Upscale Fiber Cement Siding: should return 87.9% of $13,234 investment
6. Upscale Vinyl Windows: should return 86.6% of $10,201 investment
7. Minor Kitchen Remodel: should return 85.8% of $18,081 investment
8. Bathroom Remodel: should return 84.6% of $13,248 investment
9. Upscale Wood Replacement Windows: should return 82.4% of $17,054 investment
10. Two-Story Addition: should return 81.2% of $106,767 investment
Seven of the ten projects are siding/windows – home owners want to reduce heating costs. The shift started in 2003, finds exterior projects are now 36% of the 25 projects vs 20% in 2002.