Some interesting numbers have just come out for those who are interested in doing some remodeling to their homes. According to the 2009-2010 Remodeling Magazine's Cost vs. Value Report, exterior projects add more value than interior ones. Here are some numbers specific to the West South Central Region of the United States (Texas, Louisiana, Arkansas, Oklahoma). Keep in mind that these are averages and that the rates of return can be effected greatly by location, neighborhood, scope of project, and quality of materials used.
239%
Percentage of cost recouped by replacing an entry door with new steel unit, the highest return of any project in the report.
69.2%
Percentage of cost recouped by adding a 16' x 20' composite deck.
81.1%
Percentage of cost recouped by adding a 16' x 20' foot wood deck.
97.7%
Percentage of cost recouped by converting an attic to a bedroom, the highest return of any interior project.
61.3%
Estimated return from adding a master suite, the most expensive project in the report with one of the lowest rates of return.
For more remodeling project numbers go here: http://www.remodeling.hw.net/2009/costvsvalue/national.aspx
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