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Top 10 remodeling projects for resale
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Replace siding -- vinyl For this mid-range project, which entails
replacing 1,250 square feet of existing siding with new vinyl siding and trim,
87.2 percent of a $9,134 job can be recouped. Residents of nine cities could expect
to fully recoup costs or more. In Knoxville, a whopping 159.3%
of the $7,562 project cost could be recouped.
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| 9 cities that can expect to recoup costs: |
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| | Chicago | | Knoxville,
Tenn. | | | Albany,
N.Y. | | New
York | | | Providence,
R.I. | | Los
Angeles | | | Baltimore | | Miami |
| | Richmond,
Va. | | Still, not everyone is
a vinyl siding advocate. "It is flimsy and even though it is easy to maintain,
it eventually pits, stains, and fades," Carey says, adding that those conditions
can't be repaired. Dean Bennett, president of a design and construction firm based
in Castle Rock, Colo., says vinyl siding is frowned upon in his area. "It's
rarely seen, and it looks a bit out of place in most areas," he says. "So
it would likely not return such a high percent of investment." In fact, Remodeling
magazine's snapshot of the Colorado Springs market found that just 49.6 percent
of a $10,450 vinyl siding project would be recouped at resale. 3.
Mid-range window replacement (wood) New wood windows, nationally,
will return 85.3 percent of an $11,040 project. The project includes replacement
of 10 existing 3-by-5-foot double-hung windows with insulated wood replacement
windows, exterior clad in vinyl or aluminum, as well as wrapping existing exterior
trim as required to match without disturbing existing interior trim. In
these nine market areas, 100 percent or more of costs could be recouped.
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| 9 cities that can expect to recoup costs: |
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| | Grand
Rapids, Mich. | | Knoxville,
Tenn. | | | Albany,
N.Y. | | Burlington,
Vt. | | | Providence,
R.I. | | Los
Angeles | | | San
Francisco | | Miami |
| | Tampa,
Fla. | | There's a triple attraction
with this type of window replacement, Carey says. "Wood windows covered with
vinyl give you strength, energy efficiency and low maintenance." |