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Best Home Improvements 2019 - Cost vs. Value Report

1/22/2019
The 2019 COST VS VALUE REPORT is here!!​ 

​Remodeling Magazine compares average costs for 22 remodeling projects with the value those projects retain at resale in 136 U.S. markets. 

​We've broken out the numbers by Mid-Atlantic regional averages and then by our closest local market data, which is Allentown PA. 
Best Home Improvements for 2019 poconos catskills
Here are our picks for the best home improvement projects to increase property value in 2019.

We've included: the average percentage recouped at resale, both in the regional market and closest local market. Plus, any thoughts we have for local home improvement projects. 
  1. Garage Door Replacement - 90.2% Cost recouped regionally and 78.2% recouped locally. This has been a winner year after year. It's certainly worth doing if you are in need of a new garage door. 
  2. Manufactured Stone Veneer - 79.6% Cost recouped regionally and a whopping 109.6% recouped locally.  This project has been second only to garage doors for several years running and even performs well nationally with an average of 94.9% being recouped at resale. Stone Veneer costs are significantly less than most other siding projects and recoups a lot better because of the extended lifespan of the materials. It's a winner all around.
  3. Minor Kitchen Remodel -  74.6% ​ Cost recouped regionally and 81.8% recouped locally. It's certainly worth updating your kitchen and this is a great DIY project to further increase that resale value. 
  4. Siding Replacement - 73.3%  Cost recouped regionally and 83.5% recouped locally. Siding is almost twice the cost of the stone veneer and always under-performs on resale value. To save money, add stone where you can and other siding where you must.
  5. Deck Addition (Wood) - 65.2%  Cost recouped regionally and 65.7% recouped locally. I would argue this would be somewhat higher in the Poconos and Catskills. Decks are big sellers out here, but, only when they are well constructed.
  6. Deck Addition (Composite) - 57.6%  Cost recouped regionally and 52.5% recouped locally. This material doesn't appear to ever outperform wood in this area.  
  7. Roofing Replacement (Metal) - 54.7% Cost recouped regionally and 71.5% recouped locally. Once you consider the costs, metal roofing is still not holding value like asphalt shingles. Asphalt recoups about 60.1% regionally and 69.5% locally but costs about half as much.  Stick with asphalt. 
  8. Master Suite Addition - 52.3%  Cost recouped regionally and 55.6% recouped locally. 
  9. Bathroom Addition - 50.0% Cost recouped regionally and 62.8% recouped locally. The tiny homes trend, and other factors, certainly seem to have slowed these types of expansion projects. If you need the room, or if your home's original design could really benefit from an addition, 62.8% isn't a bad investment.
  10. Backyard Patio - 46.7%  Cost recouped regionally and 52.8% recouped locally. I would argue that in the Poconos and Catskills this project has a much higher value on resale. The job costs for this type of home improvement is estimated in this report at $57,196, That is well beyond what most homeowners are planning to spend in our local service area. That hefty project cost estimate may be contributing to the lower reported resale value of these projects. 
There you have it folks! If you are planning home improvements for 2019, crunch the numbers and get the most out of your hard earned money! 
View the full report here: ​https://www.remodeling.hw.net/cost-vs-value/2019/
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Home Improvements: 2018 Cost VS Value Report

1/26/2018
home improvements pike county pennsylvania
Remodeling Magazine has published their annual home improvements cost vs. value report!

There aren't a lot of surprises this year so we'll just highlight some home improvements that should be on the minds of home owners in our area, starting with their top suggestion for our Mid-Atlantic Region.
#1 Best Home Improvement ROI for 2018
Manufactured Stone Veneer: Home owners are looking at an almost 94% return on investment with this home improvement. 
​
Our suggestion: Be open minded about stone types. The big box stores can often be more expensive than independently owned retailers and certain types of stone veneers can require more labor costs than others. Visit our siding page for stone veneer ideas. 
#2 - Garage Door Replacements (90,6% ROI)
#3 - Entry Door Replacements (steel) (78.4% ROI) 

Our suggestion: These two home improvements are both minor projects but they also give a big boost to the look and feel of your home. Replace both doors at the same time with complimentary styles for maximum curb appeal. 
#4 - Deck Addition (wood) (74.1% ROI)

Our suggestion: Decks and/or patios are necessary features for homes in the Poconos. Most homes will have one or both, or need one or both to maximize the home's functional space.
Wood decks are again outperforming composite decking this year and with a sizable cost difference it is easy to see why.  
If you have a deck now, inspect it regularly. Every single year older decks fail in the Poconos because they were not built to reflect current codes, or, they have not been properly maintained.
If you need help with ideas for new decks/patios, or with understanding the lifespan of your current deck, visit our decks page. 
#20 - Backyard Patio (43.9% ROI)

Our suggestion:  The write up they give for this project makes it a major home improvement project with a good amount of maintenance and a high price tag ($56.067). For most home owners in our area, this specific project as described is going to be a financially out of reach home improvement. 
We would likely suggest a backyard patio design that is similar in size (20'x20') but with less expensive features, at least initially. Our well thought out designs are beautiful projects on their own, but also leave plenty of opportunity for additional upgrades. Visit our landscaping page for great patio ideas. 
To learn more about the entire list of home improvement projects, visit this link: ​http://www.remodeling.hw.net/cost-vs-value/2018/middle-atlantic/
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Gravel Landscaping

7/28/2017
Gravel Landscaping home improvements Milford, PA
Landscaping with gravel is simple, clean, beautiful, affordable, and environmentally friendly.

Gravel can be used for large and small landscaping projects. It lends itself well to driveways, walkways, and foundation skirts, as well as decorative borders for trees, shrubs, and fencing.

A variety of gravel types, colors and sizes can be used to create visually interesting areas that are also low maintenance and have extensively long lifespans.

This type of landscaping is very approachable as a DIY project, but it is also an affordable option to have done by a hired Home Improvement Contractor.  

The ease of upgrading these projects creates a win-win for home owners since the original material investment is almost never lost. Plain gravel can be easily upgraded with paving stones, brick, concrete, more gravel types, and more decorative pebbles and stones to create a more sophisticated look.

Few home improvements are as timeless and worthwhile as gravel landscaping.

Visit our Pinterest Landscaping board for an amazing variety of landscaping ideas from around the web!

I don't know who to credit the image below to, but, it is a perfect example of the versatility of gravel landscaping.
​I found it on Pinterest.
Gravel Landscaping home improvements Milford, PA
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The Best Home Improvement Projects for 2017: Pennsylvania, New York, New Jersey

2/14/2017
best home improvements pike county pa
Home improvement cost vs value report for 2017.
​Here is a list of some of the best home improvement ​ investments you can make, and the percentage of costs recouped at resale, for projects in 2017. 
home improvement projects pike county pa
Manufactured stone veneer, additional benefits: durable, pest resistant, fire proof, water resistant, a wide variety of choices. Visit my siding page for inspiration!
home improvement projects pike county pa
Basement remodel, additional benefits: additional living space, healthier home, better insulation, higher resale value, pest control, radon mitigation. Visit my basements page for inspiration!

Backyard patio, tick resistant, surface water management, outdoor living space, curb appeal, lower outdoor maintenance. Visit my landscaping page for inspiration!
home improvement projects pike county pa
Benefits of adding an addition: higher resale value, additional living space, design aesthetics, cheaper than moving, enjoyment factor. Visit my foundation page to learn about how I can help you get started!
For the full list of top national home improvement projects for 2017 go to:
http://www.remodeling.hw.net/cost-vs-value/2017/
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