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FEATURE: 2005 COST vs. VALUE REPORT

Remodeling's Payoff



Midrange Siding Replacement
Project Description: Replace 1,250 square feet of existing siding with new vinyl siding, including all trim.

Midrange Siding replacement
 

Job
Cost

Resale
Value
Cost
Recouped
National Average:
$7,239
$6,914
95.5%
East Average:
$7,190
$7,459
103.7%
Midwest Average:
$7,280
$6,959
95.6%
South Average:
$6,533
$6,028
92.3%
West Average:
$8,229
$7,510
91.3%

Upscale Siding Replacement
Project Description: Replace 1,250 square feet of existing siding with new fiber-cement siding, factory preprimed and prepainted. Include all 4/4 and 5/4 trim using either fiber-cement boards or cellular PVC (polyvinyl chloride) lumber.

upscale Siding replacement
 

Job
Cost

Resale
Value
Cost
Recouped
National Average:
$10,393
$10,771
103.6%
East Average:
$10,289
$11,822
114.9%
Midwest Average:
$10,361
$10,181
98.3%
South Average:
$9,476
$9,765
103.0%
West Average:
$11,816
$11,620
98.3%



Remodeling magazine, published by Hanley-Wood LLC, has been producing this report annually for 19 years. We’d like to thank the editors and designers of Remodeling, as well as the REALTORS® who contributed to bringing you this report.

Remodeling magazine’s “Cost vs. Value Report.” ©2005 by Hanley-Wood LLC. Republication of the report is expressly prohibited without written permission of Hanley-Wood LLC.

Order Reprints for Your Clients and Customers
Order reprints of the complete 2005 “Cost vs. Value Report”—all 18 projects—for just $6.50 each plus shipping and handling at www.realtorreprints.com. For information on bulk orders over 500, contact Kelly Dewan at kdewan@reprintbuyer.com or 717/399-1900, ext. 166.

Take the 2006 Survey
Participate in next year’s “Cost vs. Value” survey! Sign up here.

Thank you to those practitioners who took the 2005 survey
Those survey respondents who also provided their contact information are listed here . Your help on this project was invaluable.

* We received sufficient data for 58 out of 60 markets surveyed compared with only 53 last year. Because of insufficient data from Grand Rapids, Mich., and Providence, R.I., no resale value numbers for those markets are provided.