Everyone is looking for value these days for their hard earned dollars. There may be no place where this is as true as it is with money spent on residential real estate. With home value still declining (although at a slower rate) when homeowners do decide to spend money they are careful where they are allocating their remodeling budget.
If you’re looking for some guidance on the right type of remodeling projects to give you the biggest bang for your buck an excellent reference source is the 2011-2012 Cost to Value report. This report is done through a group of collaborative surveys done by Realtor Magazine (who gets estimated resale value data through sales agents, brokers & appraisers), Specspan (an on line marketing and research company which host the on line survey) and HomeTech Publishing (a developer and publisher of construction estimating books and software). Here’s a recap of the conclusions, trends and some of the top home improvement & remodeling projects bases on their respective return on investments.