Remodeling Costs Rise, But Not Necessarily Values

Posted by Bonnie Martin Designated Broker on Wednesday, January 14th, 2015 at 8:25am.

construction_adamvilimek_450realtor.com - An annual report comparing home remodeling projects’ cost with their value had mixed results for 2015. While the cost of remodeling projects rose across the board from the previous year, estimated value to the home rose for only half the jobs, the report found.

The Remodeling 2015 Cost vs. Value Report found that the overall cost-value ratio for remodeling jobs ended two years of gains by slipping to 62.2% for 2015, a 3.9-point drop from 2014. Members of the National Association of REALTORS® filled out a survey estimating the resale value of 36 popular remodeling projects in 102 cities.

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