Ranking Home Renovation Resale Values

first_imgSign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Ranking Home Renovation Resale Values in Daily Dose, Featured, Journal, Market Studies, News January 16, 2018 3,481 Views Share Save Demand Propels Home Prices Upward 2 days ago Subscribe  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago A recent report by the National Association of Home Builders revealed that high home prices limited housing availability are leading more homeowners to stay put and renovate their existing homes. Now Remodeling magazine is providing some hard data about just what those renovations could mean when it comes time to sell those homes.Remodeling has released its 2018 Cost vs. Value Report, which “compares average cost for 21 popular remodeling projects in 149 markets with the value those projects retain at resale in 100 U.S. markets.” Topping the list, with an average of 98.3 percent of cost recouped at resale, is garage door replacement. That job costs an average of $3,470, according to Remodeling, and has an average resale value of $3,411.Rounding out the rest of the top 10 projects that retain the most value at resale are:Manufactured Stone Veneer—97.1 percentEntry Door Replacement (steel)—91.3 percentDeck Addition (wood)—82.8 percentMinor Kitchen Remodel—81.1 percentSiding Replacement—76.7 percentWindow Replacement (vinyl)—74.3 percentUniversal Design Bathroom—70.6 percentBathroom Remodel—70.1 percentWindow Replacement (wood)—69.5 percentThe average payback for 20 of the most common remodeling projects declined year-over-year, dropping from 57.9 percent in 2016 to 56.8 percent in 2017. According to Remodeling, “That’s mainly because the cost of doing those projects went up for all 20, while values rose for only about two-thirds of them.”Remodeling expects prices for building materials to continue trending upwards in 2018, especially given the spate of natural disasters affecting various portions of the country in the last half of 2017, from hurricanes to wildfires to mudslides. Remodeling’s report adds, “Expect, as well, an even greater shortage of skilled workers in disaster-struck markets as those workers struggle to fix up their own homes and employers feel pressure to respond with pay hikes.”For its 2018 Cost vs. Value Report, Remodeling used construction cost estimates generated by RemodelMAX and Clear Estimates remodeling software. According to Remodeling, “Construction cost figures include labor, material, and subtrade expenses, plus industry-standard overhead and profit. Note that project costs are based on estimates for generic projects. They do not account for personalized design and product choices made by homeowners in connection with actual remodeling projects, nor do they account for local and short-term fluctuations in pricing, supply and demand, and other factors affecting cost.”Resale value data for each project was based on estimates from more than 4,600 real estate professionals, provided via an online survey conducted by Hanley Wood between August and October, 2017. The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Ranking Home Renovation Resale Values The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Cost vs. Value Report home renovation remodeling remodeling magazine resale value 2018-01-16 David Wharton About Author: David Wharton Previous: Mortgage Delinquencies Up, Still Below 15-Year Averages Next: After Delay, Powell and Montgomery Noms Proceed to Full Senate The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Cost vs. Value Report home renovation remodeling remodeling magazine resale value Servicers Navigate the Post-Pandemic World 2 days ago Related Articleslast_img read more

How will the new season pan out?

first_img The pressure is clearly on Brendan Rodgers after last season’s failure to build on the 2014 title near-miss. Now in his fourth season, Rodgers has recruited extensively for a second summer in succession and needs a quick return. Much attention will centre on £32million striker Christian Benteke and Rodgers also needs Daniel Sturridge back fit and firing. James Milner, Danny Ings, Nathaniel Clyne and Roberto Firmino look like astute signings but Rodgers – now without Sterling and Steven Gerrard – needs the mix to work quickly. WHO WILL BE IN RELEGATION TROUBLE? There will be much anticipation at Bournemouth and fellow promoted clubs Norwich and Watford but for them the primary objective must simply be to avoid the bottom three. Leicester, Aston Villa, Newcastle and Sunderland – after largely unimpressive seasons last time – could all be in the battle with them. WHAT OF PRESSURE CLUBS NEWCASTLE, WEST HAM AND ASTON VILLA? Newcastle fans may not have seen the back of unpopular owner Mike Ashley but they will hope that an apparent change in tone from him might result in more of an emphasis on results than purely the balance sheet. Former England boss Steve McClaren will also have a point to prove on his return to the Premier League. For West Ham the season is a crucial one as they prepare for a new life in the Olympic Stadium from next year. Having consolidated in the top flight they have decided to move on from the dependable Sam Allardyce, but it remains to be seen if Slaven Bilic can take them to the next level. Villa have flirted with relegation for too long. Tim Sherwood’s injection of enthusiasm was enough to save them – and take them to the FA Cup final – last season but, with uncertainty still over their ownership, they lack stability and the departures of Fabian Delph and Benteke leave a hole. The start of the Barclays Premier League season this weekend brings with it its usual mix of excitement and intrigue. Here, Press Association Sport looks at some of the main talking points ahead of the campaign. DO CHELSEA REMAIN THE TEAM TO BEAT? Jose Mourinho’s men enter the new season as clear favourites and with some justification after winning the title at a canter last season. The Blues were criticised for their style at times but results are what matter the most and Mourinho knows how to get them. Their squad remains formidable and if Radamel Falcao can show some pre-2014 form they could be even stronger. WHERE WILL THE CHALLENGE COME FROM? Manchester City will be determined to bounce back after last season’s tame surrender. The capture of Raheem Sterling improves their squad and they will be expecting to challenge strongly. Their neighbours United will also look to step up after regaining top-four status and a summer of strengthening. Arsenal look better for the signing of Petr Cech but they may still be a top-line striker short. Liverpool and Tottenham can only be regarded as outsiders. IS STERLING WORTH THE MONEY? The negativity generated by Sterling’s attempts to engineer a move away from Liverpool obscured analysis of his talent. His form fell away late last season but he has already shown he is one of the most exciting attacking talents to emerge in England for some time. If he can get back to his best City have acquired a potentially brilliant match-winner, but there is some way to go to justify the £49million fee. WHAT WILL HAPPEN AT OLD TRAFFORD? United are now entering the third season of the post-Sir Alex Ferguson era and many are wondering if this giant of English football is now ready to start challenging for honours again. The uncertainty over the future of David de Gea aside, United look stronger with Bastian Schweinsteiger and Morgan Schneiderlin joining their midfield ranks. Memphis Depay is also an exciting prospect and the steely winning mentality of Louis van Gaal is a growing factor as his methods take root. Question marks still remain over the defence, however. WHAT WILL HAPPEN AT ANFIELD? Press Associationlast_img read more