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Field Guide to Remodeling

(Updated July 2014)

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)

Remodeling

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Q - ProQuest articles available for NAR members only. Password can be found on the ProQuest/Find Articles page.


REALTOR® Magazine Cost vs. Value Reports

2013-2014 Cost vs Value Report, (REALTOR® Magazine, Jan 2014).

2012-2013 Cost vs. Value Report, (REALTOR® Magazine, Jan. 2013).  

2011-2012 Cost vs. Value Report, (REALTOR® Magazine, Mar. 2012).

2010 Cost vs. Value Report, (REALTOR® Magazine, Jan. 2011).

2009 Cost vs. Value Report, (REALTOR® Magazine, Jan. 2010).

2008 Cost vs. Value Report, (REALTOR® Magazine, Dec. 2008).

2007 Cost vs. Value Report, (REALTOR® Magazine, Dec. 2007).

2006 Cost vs. Value Report, (REALTOR® Magazine, Dec. 2006).


Selected 2013-2014 Cost vs. Value Report Statistics - Average Nationwide Return on Investment:

Deck addition – 87.4%
Major kitchen remodel – 63.6%
Bathroom remodel – 63.6%
New roof – 63.0%
Basement Remodel – 77.6%

Source: 2014 Cost vs Value Report, (REALTOR® Magazine, Jan. 2014).


Return on Investment

The five best time-tested remodeling projects -- and the worst, (HouseLogic, Apr. 2014).

Which home remodeling projects are worth your money?, (US News & World Report, Mar. 7, 2014).

Best Remodeling Bang For Your Buck, (DailyFinance, Mar. 6, 2014).

Homeowners choose to remodel, expect to recoup investments, (Rochester Business Journal, Feb. 28, 2014).

Money tips for home remodeling, (MarketWatch, Jan. 27, 2014).

Stay Put and Remodel — or Move? (REALTOR® Magazine, Jan./Feb. 2014) — Here are seven strategies to help your clients decide whether to list their home or make renovations that will help make their current house meet their needs

Five Home Renovations That Pay Off, (CBS MoneyWatch, Oct. 15, 2009).


Home Improvement Tips

Budget-Friendly Home Improvements: 5 Tips, (mySA, Mar. 4, 2014).

A decorator’s personal guide to surviving a home remodeling project, (Styled Staged & Sold, Feb. 17 2014).

Home remodeling done right, (Kiplinger’s Personal Finance, Nov. 2013).

Budget for a Remodel, (HouseLogic, 2012).

Creative uses of space evident in remodeled older kitchens and bathrooms, (Ann Arbor News, Jan. 31, 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, Sept. 21, 2009).

7 Smart Strategies for Bathroom Remodeling, (HouseLogic, Sept. 9, 2009).


Remodeling Statistics and Trends

In Home Renovations, Big Homes Get Bigger, (Wall Street Journal, June 12, 2014) — The people who are most likely to add square footage to their homes already owned large homes to begin with, a survey finds.

More home owners remodel to raise home’s value, (REALTOR® Magazine Daily Real Estate News, May 22, 2014).

Top 10 most popular remodeling jobs, (REALTOR® Magazine Daily Real Estate News, May 5, 2014).

Achieving scale in the residential remodeling industry: findings from interviews with industry leaders, (Joint Center for Housing Studies of Harvard University, Apr. 2014).

Remodeling trends to consider, (HeraldNet, Feb. 27, 2014).

7 bathroom remodeling trends, (Styled Staged & Sold, Feb. 24, 2014).

Consumers turn to online video for home remodeling tips and inspiration, (BizReport, Feb. 11, 2014).

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).

Renovations Make a Comeback, (New York Times, Mar. 2010).

The Remodeling Market in Transition, (Joint Center for Housing Studies of Harvard University, 2009).


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

eBooks.realtor.org

The following eBooks and digital audiobooks are available to NAR members:

Bathroom Remodeling For Dummies, (Kindle, Adobe eReader)

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 (Kindle, 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

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Field Guide to Buying vs. Renting

Field Guide to Feng Shui & Vastu

Field Guide to Preparing and Staging a House for Sale

Field Guide to Surviving & Thriving in a Slowing Market

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