Remodeling Costs Versus Value: Get on Average 71% Back

Publisher and media information company Hanley Wood recently published the 2009-10 Remodeling Costs Versus Value Report. The report provides national and regional data for a variety of remodeling jobs and can give you a good idea of how much money you might recoup from major or minor renovations.

According to the data, your remodeling projects might average around 71% yield on each dollar spent. That’s not bad considering housing values are still declining in many areas, including in the Portland and Vancouver markets.

The bottom line is updates to the exterior of your home will yield the most dollars on your project. I’ve always told clients that a changes to the front landscape or to the facade of their homes will be the number one areas where they will recoup value. When you drive down the street and see a house with fresh flowers and plantings, fresh paint, and a nice front door, it makes a “wow” first impression.

Hanley Wood provides a interactive tool that lets you explore the data for each region. Below is a sample of their national data.

We originally happened upon this data through the Portland Real Estate Blog, so thanks to them for posting it.

Remodeling Costs Versus Value

© 2009 Hanley Wood, LLC. Reproduced by permission. Complete regional and city data from the Remodeling 2009 Cost vs. Value Report can be downloaded for free at

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