(Updated January 2013)
What remodeling job has the best return on investment? Where should you start when remodeling an older home? New resources are becoming available and even more important during these times. The home remodeling industry has enjoyed even more growth and will reach new heights in the future. You can't afford to miss this Field Guide if you're planning a home improvement or restoration project. (D. Winchester, Information Specialist)
Selected 2013 Cost vs. Value Report Statistics - Average Nationwide Return on Investment:
- Deck addition – 77.3%
- Major kitchen remodel – 59.7%
- Bathroom remodel – 58.3%
- New roof – 56.7%
- Basement Remodel – 70.3%
Source: 2013 Cost vs. Value Report, (REALTOR® Magazine, Jan. 2013).
Return on Investment
2011 Cost vs. Value Report, (REALTOR® Magazine, Mar. 2012).
2010 Cost vs. Value Report, (REALTOR® Magazine, Jan. 2011).
Your place to call home: Is 2011 the time to move or just remodel?, (Suburban Journals, Jan. 30, 2011).
4 Renovations That Will Devalue Your Home, (Money, Jan. 20, 2011).
Remodeling projects pay off, especially a tax-friendly new door, (Wallet Pop, Apr. 23, 2010).
Remodeling Projects That Pay Off, (Wall Street Journal, Jan. 23, 2010). Q
2009 Cost vs. Value Report, (REALTOR® Magazine, Jan. 2010).
Why Homeowners are Raising the Roof, (Wall Street Journal, Oct. 28, 2009).
Five Home Renovations That Pay Off, (moneywatch.com, Oct. 15, 2009).
2008 Cost vs. Value Report, (REALTOR® Magazine, Dec. 2008).
2007 Cost vs. Value Report, (REALTOR® Magazine, Dec. 2007).
Kitchen face-lifts for the frugal, (Money, June 25, 2007).
2006 Cost vs. Value Report, (REALTOR® Magazine, Dec. 2006).
Home Improvement Tips
Steps to Take Before Remodeling Your Home, (Mb.com, Feb. 1, 2011).
Creative uses of space evident in remodeled older kitchens and bathrooms, (AnnArbor.com, Jan. 31, 2011).
Feng Shui Tips for Home Remodeling and Renovation, (Mb.com, Jan. 22, 2011).
Kitchen Remodeling: 6 Tips for a Gourmet Remodel on a Fast Food Budget, (PR Newswire, Jan. 13, 2011).
10 Tips for adding value, (MSN Money, Apr. 29, 2010).
7 Smart Strategies for Kitchen Remodeling, (HouseLogic.com, Sept. 21, 2009).
7 Smart Strategies for Bathroom Remodeling, (HouseLogic.com, Sept. 9, 2009).
Budget for a Remodel, (HouseLogic.com, Aug. 28, 2009).
Make over your house without going broke, (Money, Apr. 29, 2009).
Makeover tips that can sell your home, (Bankrate.com, Nov. 2007).
Kitchen report inspires kitchen lovers, (Realty Times, Nov. 2007).
In design, don't underestimate importance of flow, (REALTOR® Magazine, Sept. 2007).
Remodeling Statistics and Trends
Remodeling Projects Are Back, (Wall Street Journal, Jan. 30, 2011).
Can't sell your home? In these tough times, more owners opt to remodel rather than build, (Orlando Sentinel, Jan. 29, 2011).
Top remodeling trends and tips for 2011, (newjerseynewsroom.com, Jan. 19, 2011).
New Decade of Growth, (Harvard Joint Center for Housing Studies, Jan. 13, 2011).
12 Top Remodeling Trends for 2011, (Moneywatch.com, Dec. 7, 2010).
Renovations Make a Comeback, (New York Times, Mar. 2010).
The Remodeling Market in Transition, (Joint Center for Housing Studies of Harvard University, 2009).
At Home: Rooms for Improvement, (Wall Street Journal, May 10, 2009).
6 cures for the small-kitchen blues, (Money, Oct. 26, 2007).
A long-term outlook for homeowner remodeling activity, (Harvard Joint Center for Housing Studies, Aug. 2007).
What's cookin' now: trends in kitchen remodeling, (gmtoday, Jan. 2005).
Historic Expenditures for All Residential Properties -- Seasonally Adjusted Annual Rate—Quarterly: 1966-2004, (U.S. Bureau of the Census, 2004).
Remodeling Web Sites
Better Homes and Gardens—One of the premier home and family sites on the web which includes a page dedicated to decorating tips and more.
DiyNetwork—The source for the best do-it-yourself tips for home renovations.
Joint Center for Housing Studies—JCHS website has information and research on housing market, demographic and social trends.
Move, Inc.—Move, Inc.'s website has information on technology, tips, safety and remodeling tools.
National Association of the Remodeling Industry—Consumers can find remodeling tips, how to find a qualified contractor, frequently asked questions and much more.
eBooks & Other Resources
The following ebooks and digital audiobooks are available to NAR members:
Be a Successful Remodeling Contractor (Adobe eReader)
The Complete Book of Home Inspection (Adobe eReader)
The Complete Idiot’s Guide to Green Building and Remodeling (Adobe eReader)
Green Remodeling, (Kindle, Adobe eReader)
How to Increase the Value of your Home (Adobe eReader)
Remodeled Homes (Adobe eReader)
Trips & Traps When Renovating Your Home (Adobe eReader)
Books, Videos, Research Reports & More
The resources below are available for loan through Information Central. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Central at 800.874.6500 for assistance.
Not so big remodeling: Tailoring your home for the way you really live, (Taunton Press, 2009). TH 4816 Su8
Renovate to Riches, (Hoboken, NJ: Wiley, 2004). HF 5438 D88
Improve the value of your home up to $100,000, (Hoboken, NJ: Wiley, 2003). TH 3401 Ir9i
Remodeling your home: an insider's guide, (Washington, DC: Home Builder Press, 1996). TH 4816 N21r
Field Guides & More
These field guides and other resources in the Virtual Library may also be of interest:
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