We often use Remodeling Magazine’s Cost vs Value report to represent a fair view of the remodeling costs in the Boston area. We find that it helps clients establish a realistic budget, and outlines what the true cost of completing a remodeling project is. The 2014 data set is out, and we have found (with no surprise) that costs are going up! You can find the full report here, © 2014 Hanley Wood, LLC. Complete data from the Remodeling 2014 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.

It is pretty interesting to track the trends of what can improve the resale value of your home- this year we see a few stand-out categories, so we thought we’d recap the top five projects based on ROI.

1.) The top project with a return on investment percentage of 107.8 (wow!!) was a midrange attic bedroom remodel. It is estimated to cost $60,102, and add the value of $64,795 to your home. Check out some of our bedroom remodels!

2.) Fiber-cement Siding Replacement is up next, with 95% of the cost recouped. At $16,314, it will be worth $15,493.

3.) Vinyl Siding Replacement is close behind, coming in at 94.4% with a cost of $13,231 and a return of $12,461

4.) Steel Entry Door Replacements top off at 92.8 for $1,294 and a worth of $1200

5.) Garage Door Replacements finish off the list at 91% ROI, initially costing $3,092 and adding $2815.

With the exception of an attic remodel, most of these are fairly small projects to take on. Additionally, only two project types have gone down in cost; a simple wood deck addition and a minor kitchen remodel. Other categories have all risen to meet higher pricing demands.

Click here to view the remodeling Cost vs Value report for yourself!

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Contact us about your attic bedroom remodeling project!