Merrillville, IN (PressExposure) May 13, 2009 -- âYouâd think because of the soft real estate market that the likelihood of homeowners taking on remodels would go down. Itâs actually quite the opposite. According to the Spring 2009 RemodelorMove Remodeling Sentiment Report, a semi-annual survey of 5,000 U.S homeowners,68 percent of homeowners will remodel in 2009,â said Sara Shragal, of DirectBuy.
So which home improvements projects have the best chance of recouping the homeownerâs investment? According to Remodeling magazineâs 2008 report, the home improvement projects youâre most likely to recover construction costs in a resale are:
Minor kitchen remodel (e.g. new cabinets) â 79.5% cost recouped Major kitchen remodel â 76% recouped Deck addition (wood)â 81.8% cost recouped Bathroom remodel â 78.3% cost recouped Siding replacement (vinyl) â 80.7% cost recouped Window replacement (vinyl) â 79.5% cost recouped Attic to bedroom remodel â 73.8% cost recouped
These numbers reflect a national average, with some home improvement projects coming in higher or lower in different parts of the country (e.g. in Chicago, siding replacement will recoup more than the national average; most likely the higher value of siding in a colder climate).
âWhatâs interesting about this report is even though home prices have fallen about seven percent nationally, the decline in value of remodeling projects has been under four percent. So, besides getting to enjoy the benefits of your remodel project while youâre living in your home, you are still getting good value comparatively,â said Shragal.
By enabling its members to buy directly from manufacturers at wholesale prices, DirectBuy gives consumers an even greater chance to recoup construction costs at the time of sale. Taking it one step further, DirectBuy also provides members with connections to contractors providing installation services, generally at a discounted rate between five and 20 percent, to improve even further the likelihood of recovering construction costs. For more information on a DirectBuy membership, you can visit http://www.directbuycares.com.
Consumers interested in seeing DirectBuyâs savings, service and selection up close may obtain a Visitorâs Pass to attend an Open House by visiting http://www.directbuy.com or http://www.directbuycares.com.