{"id":1374,"date":"2016-04-20T21:25:49","date_gmt":"2016-04-21T01:25:49","guid":{"rendered":"http:\/\/aladdininsulation.com\/?p=1374"},"modified":"2016-04-20T21:25:49","modified_gmt":"2016-04-21T01:25:49","slug":"2016-cost-vs-value-reports-top-aladdin-home-improvement-projects","status":"publish","type":"post","link":"https:\/\/aladdininsulation.com\/staging\/2016\/04\/2016-cost-vs-value-reports-top-aladdin-home-improvement-projects\/","title":{"rendered":"2016 Cost VS Value Report\u2019s Top Aladdin Home Improvement Projects"},"content":{"rendered":"<p><span style=\"color: #0000ff;\">2016 Cost VS Value Report\u2019s Top Home Improvement Projects<\/span><\/p>\n<p>There are many factors when choosing which renovation projects will improve your home and its value. Why not follow the experts from Remodeling Magazine and the National Association of Realtors as they do a research study each year to help homeowners make these decisions based on the current market trends, costs and return on investment? For this reason I am going to review the results from these two experts, but first I want to explain the difference between \u201creplacement\u201d and \u201cremodeling\u201d projects and why this should matter to you.<!--more--><\/p>\n<p><span style=\"color: #0000ff;\">Replacement vs. Remodeling<\/span><\/p>\n<p>According to Remodeling Magazine, \u201cHome Improvement Replacement jobs\u2014such as door, window, and siding projects\u2014generated a higher return than remodeling projects. Replacement projects averaged a return of 61.5% while remodeling projects scored 57.3%.\u201d When grouped by job type, replacement projects such as window and siding jobs (77-80% ROI) performed better than kitchen and bath remodels (60-65% ROI), perhaps because of curb appeal, rising new-home prices, energy efficiency and job size. It is important to note that 12 out of the 15 highest-scoring projects were for exterior home improvement projects. This may explain why were constantly bombarded by news (and Pinterest) articles claiming \u201c5 Ways To Boost Your Home\u2019s Curb Appeal\u201d and real estate professionals touting the value of Curb Appeal. Generally, the simpler and lower-cost the project is, the bigger the cost-value ratio because the simpler projects tend to require less time and are performed by a skilled professional contractor. For example, it is easier (and less expensive) to replace a fiberglass entry door than it is to research, design, source contractors, and build a full kitchen remodel.<\/p>\n<p>According to the<a href=\"http:\/\/www.remodeling.hw.net\/cost-vs-value\/2016\/south-atlantic\/\"> <span style=\"text-decoration: underline;\">2016 Remodeling Magazine\u2019s Cost Vs Value report<\/span><\/a>, which has been doing theorectical comparisons of home remodeling and replacement projects for decades, the average cost and average return in this year\u2019s report resulted in an avergae increase to 64.4% ROI which is the second-highest return in the past eight years. That is an average of 4.7% increase this year! Also important to note is that 4\/5 gains were in upscale projects such as fiberglass entry doors which were up by 21.2%! It\u2019s important to note that this ROI is to reflect resale value within 12 months of the project.<\/p>\n<p><span style=\"color: #0000ff;\">So What Topped The List?<\/span><\/p>\n<p>These were the top home improvement projects-midrange and upscale- that will bring you the highest ROI according to the 2015 Remodeling Magazine\u2019s Cost vs Value report:<\/p>\n<p><span style=\"color: #0000ff;\">Both Midrange and Upscale<\/span><\/p>\n<p><a href=\"http:\/\/aladdininsulation.com\/services\/\">Fiberglass Attic Insulation 143.8% (M)<\/a><br \/>\nManufactured Stone Veneer 86.8% (M)<br \/>\nGarage Door 91.7% (M)<br \/>\nEntry Door Replacement\u2013 Steel 94.8% (M)<br \/>\nGarage Door 94.3% (U)<br \/>\nMinor Kitchen Remodel (M) 83.2%<br \/>\nEntry Door Replacement- Fiberglass 80.7% (U)<br \/>\nSiding Replacement-Engineered 83% (M)<br \/>\nSiding Replacement-Fiber Cement 78.6% (M)<br \/>\nDeck Addition (Wood) 73.9% (M)<br \/>\n<span style=\"color: #0000ff;\">Midrange<\/span><\/p>\n<p><a href=\"http:\/\/aladdininsulation.com\/services\/\">Fiberglass Attic Insulation 143.8%<\/a><br \/>\nEntry Door Replacement- Steel 94.8%<br \/>\nGarage Door 91.7%<br \/>\nManufactured Stone Veneer 86.8%<br \/>\nSiding Replacement-Engineered 83%<br \/>\nMinor Kitchen Remodel 83%<br \/>\nSiding- Foam-Backed 71.3%<br \/>\nDeck Addition Composite 68.4%<br \/>\nFamily Room 68.3%<br \/>\nRoofing Replacement 66.9%<br \/>\n<span style=\"color: #0000ff;\">Upscale<\/span><\/p>\n<p>Garage Door 94.3%<br \/>\n<a href=\"http:\/\/www.provia.com\/assets\/img\/pdf\/door-catalog\/\">Entry Door Replacement<\/a>&#8211; Fiberglass 80.7%<br \/>\n<a href=\"http:\/\/www.preservationcollection.com\/windows.aspx\">Window Replacement<\/a>-Vinyl 77.5%<br \/>\nWindow Replacement- Wood 72%<br \/>\nMajor Kitchen Remodel 63%<br \/>\nIn contrast, the projects with the worst returns came in at ratios between 47-56% and those were: midrange bathroom addition, upscale bathroom addition, backup generator, upscale master suite, upscale bathroom remodel and master suite addition.<\/p>\n<p>You can read all about <a href=\"http:\/\/www.remodeling.hw.net\/cost-vs-value\/2016\/south-atlantic\/\">2016 Remodeling Cost vs Value Report here<\/a>. Please note the figures from this column are from the South Atlantic geographical area.<\/p>\n<p><span style=\"color: #0000ff;\">Trends Do Matter<\/span><\/p>\n<p>In December 2015, about 2,000 National Association of Realtors (NAR) examined the return on investment they have seen in home sales based on remodel projects as well as data collected by the National Association of the Remodeling Industry (NARI).\u00a0NAR indicated the project\u2019s dollar return was up by 6.7% from 2015 and raised their home estimates due to the value of remodeling is often tied to the great local real estate market. As you may know, since October, prices for existing homes were up 5.9% thus making remodeling factors a major part of the price of a home. Think of it this way\u2026it\u2019s no longer \u201cOh it\u2019s a 2500 sq. ft. home it should cost this\u2026\u201d but on the contrary \u201cIt\u2019s a 2500 sq. ft. home with new windows, entry door and siding.\u201d According to the National Association of Home Builders, 60% of all homeowners launch a remodeling project within 6 months of moving into their home, thus trends do matter. Since curb appeal plays a significant role with real estate sales, the NAR lists the highest recovered costs for Exterior Projects were:<\/p>\n<p>Roofing 105%<br \/>\nVinyl Windows 80%<br \/>\nVinyl Siding 83%<br \/>\n<a href=\"http:\/\/aladdininsulation.com\/james-hardie-siding\/\">Fiber Cement Siding (i.e. James Hardie) 79%<\/a><br \/>\nFiberglass Door 60%<br \/>\nSteel Door 75%<br \/>\nAs you may see some of the ROI% differ between reports due to the nature of the researched performed. Look at both of them for an accurate perception of home improvement costs and values.<\/p>\n<p>So when you\u2019re ready for your next remodeling project, use these reports to help you:<\/p>\n<p>Decide whether you want to make an investment in a certain home improvement over another.<br \/>\nAs a great tool if you\u2019re looking to sell your home within 5-7 years.<br \/>\nValidate realistic base prices (not reality TV or DIY programs) for budget expectations.<br \/>\nLearn what you are going to recoup as well as what to expect for costs.<\/p>\n<p>If you want to learn about the costs on windows, siding, roofing, sliding glass doors, entry doors and\/or home insulation have other questions, please contact us at 678-528-7115 or email <a href=\"http:\/\/www.aladdininsulation.com\">aladdinhomepros.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2016 Cost VS Value Report\u2019s Top Home Improvement Projects There are many factors when choosing which renovation projects will improve your home and its value. Why not follow the experts from Remodeling Magazine and the National Association of Realtors as they do a research study each year to help homeowners make these decisions based on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1,6],"tags":[],"class_list":["post-1374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-resources"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2016 Cost VS Value Report\u2019s Top Aladdin Home Improvement Projects - Aladdin Insulation &amp; Home Improvements<\/title>\n<meta name=\"description\" content=\"According to Remodeling Magazine, 2016 Cost VS Value \u201cHome Improvement Replacement jobs\u2014such as door, window, and siding projects\u2014generated a higher return than remodeling projects.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aladdininsulation.com\/staging\/2016\/04\/2016-cost-vs-value-reports-top-aladdin-home-improvement-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2016 Cost VS Value Report\u2019s Top Aladdin Home Improvement Projects - Aladdin Insulation &amp; 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