Remodeling magazine has reported the top remodeling projects for several years. This year exterior remodeling projects take top spots, with the #1 remodeling project for the money being replacement entry doors.
From: Remodeling magazine November 2010
Posted on: November 8, 2010
2010–11 Cost vs. Value Report
Despite lower construction costs, slumping home resale values pulled the cost-to-value ratio down to its lowest level this decade. The good news is that this may be the bottom.
It was during this transition between uptick and slowdown that the survey for our 24th annual Remodeling Cost vs. Value Report was in the field, and the results confirm what we have been experiencing: The economy, and with it the remodeling market, is recovering more slowly than expected.
This year’s data extends the downward trend in the overall cost-to-value ratio that began in 2006. In fact, the slide from 63.8% to 60.0% in cost-recouped is a slightly accelerated decline compared with last year’s 3.5-point drop (see “Eight-Year Cost-Value Trend” chart).
And it could have been worse. Until this year, the ratio had been driven down mostly by the rub of eroding home prices against construction costs that, on average, had risen slightly, despite reduced demand and fierce competition.