Curb Appeal Tops Cost vs. Value Report
Remodeling Magazine recently released its annual Cost vs. Value Report, and there were some interesting key findings in regards to curb appeal and remodeling projects. The report is useful information not only to builders and remodelers, but also great insight for customers to take steps in remodeling their home, if they want to sell within the year.
One interesting takeaway was that curb appeal-centric projects, such as replacing siding, doors and windows, generated 75% higher returns nationally versus interior projects. Giving the exterior of a home a fresh, new look can be an inexpensive way to appeal to buyers, and the hottest color of the year is going to be “greige” – a mix of gray and beige. By adding simple products such as siding, windows and doors, you can boost the curb appeal and value.
The report also features information about what projects could be done for a high value. The higher ranked updates included door and garage replacements, stone veneers and some interior items like fiberglass attic insulation. All ranked in more than 20 markets with 100% return for each project.
Metrostudy says its Residential Remodeling Index (RRI) forecasts remodeling activity nationwide will increase 4.4% in 2017 and 3.3% in 2018. Read the Cost Vs. Value report, available in the January 2017 issue of Remodeling.