Whats the payback for remodeling?
Remodeling Magazine compares cost with resale in 60 markets. Every year since 1988, REMODELING Magazine’s Cost vs. Value Report has compared construction costs for many common remodeling projects with the value they add at resale in 60 U.S. housing markets. This year’s Report has all 15 legacy projects (formerly, 10 were surveyed each year in rotation), plus the “upscale” versions of 5 projects introduced two years ago. Where They Get the Data Cost data for this most recent report came from HomeTech Information Systems, a remodeling estimating software company in Bethesda, Md. They collected the most current cost information that was available on a quarterly basis from a national network of remodeling contractors, and applied certain adjustment factors based on regional pricing variations. Constructions cost figures include labor, material, sub-trades, and contractor overhead and profit. Resale values (“cost recouped”) are aggregated from estimates provided by members of the National A
