|
|
East South Central — Midrange
|
2008-09 National Averages
|
|
Job Cost
|
Resale Value
|
Cost Recouped
|
Project
|
Job Cost
|
Resale Value
|
Cost Recouped
|
|
$42,277
|
$33,749
|
79.8%
|
|
$48,398
|
$35,694
|
73.8%
|
|
$12,820
|
$8,957
|
69.9%
|
|
$14,040
|
$8,026
|
57.2%
|
|
$53,552
|
$44,924
|
83.9%
|
|
$61,011
|
$44,467
|
72.9%
|
|
$33,468
|
$23,255
|
69.5%
|
|
$38,078
|
$24,187
|
63.5%
|
|
$14,413
|
$11,973
|
83.1%
|
|
$15,899
|
$11,857
|
74.6%
|
|
$14,285
|
$10,237
|
71.7%
|
|
$15,277
|
$11,260
|
73.7%
|
|
$8,903
|
$7,588
|
85.2%
|
|
$10,601
|
$8,676
|
81.8%
|
|
$70,536
|
$48,661
|
69.0%
|
|
$81,315
|
$53,608
|
65.9%
|
|
$49,954
|
$34,779
|
69.6%
|
|
$57,272
|
$38,161
|
66.6%
|
|
$26,494
|
$16,040
|
60.5%
|
|
$28,094
|
$15,329
|
54.6%
|
|
$53,150
|
$41,260
|
77.6%
|
|
$56,611
|
$43,030
|
76.0%
|
|
$89,283
|
$60,827
|
68.1%
|
|
$101,571
|
$67,037
|
66.0%
|
|
$20,307
|
$16,461
|
81.1%
|
|
$21,246
|
$16,881
|
79.5%
|
|
$16,594
|
$10,657
|
64.2%
|
|
$18,825
|
$12,336
|
65.5%
|
|
$8,994
|
$7,610
|
84.6%
|
|
$10,256
|
$8,274
|
80.7%
|
|
$66,572
|
$39,147
|
58.8%
|
|
$71,745
|
$40,715
|
56.7%
|
|
$131,511
|
$94,791
|
72.1%
|
|
$146,538
|
$103,553
|
70.7%
|
|
$9,529
|
$7,438
|
78.1%
|
|
$10,537
|
$8,132
|
77.2%
|
|
$10,405
|
$8,037
|
77.2%
|
|
$11,512
|
$8,946
|
77.7%
|
|
East South Central — Upscale
|
2008-09 National Averages
|
|
Job Cost
|
Resale Value
|
Cost Recouped
|
Project
|
Job Cost
|
Resale Value
|
Cost Recouped
|
|
$67,217
|
$49,149
|
73.1%
|
|
$74,325
|
$49,100
|
66.1%
|
|
$47,265
|
$37,471
|
79.3%
|
|
$51,455
|
$36,400
|
70.7%
|
|
$35,101
|
$22,878
|
65.2%
|
|
$37,498
|
$23,706
|
63.2%
|
|
$76,098
|
$51,775
|
68.0%
|
|
$85,844
|
$53,908
|
62.8%
|
|
$106,369
|
$79,050
|
74.3%
|
|
$110,964
|
$78,398
|
70.7%
|
|
$204,307
|
$129,000
|
63.1%
|
|
$223,876
|
$136,764
|
61.1%
|
|
$32,873
|
$20,980
|
63.8%
|
|
$36,296
|
$22,861
|
63.0%
|
|
$12,967
|
$11,690
|
90.2%
|
|
$13,177
|
$11,424
|
86.7%
|
|
$11,111
|
$10,165
|
91.5%
|
|
$12,528
|
$10,074
|
80.4%
|
|
$12,289
|
$10,049
|
81.8%
|
|
$13,608
|
$10,781
|
79.2%
|
|
$16,177
|
$12,334
|
76.2%
|
|
$17,580
|
$13,455
|
76.5%
|
Source: Remodeling Online.com
For the most part, outdoor remodeling projects maintain home value but add little to it. After all, a home with dented siding looks like a fixer-upper, while many cast a suspicious eye on a house with peeling paint.
A do-it-yourself exterior paint job can save money, especially for those in a one-story house. But if homeowners don't pay attention to details, such as properly preparing the house before painting, they'll be painting again in a few years, Neidner of Neidner Construction says.
Siding is easier to maintain and costs $2,000 less than a paint job, according to the "Cost vs. Value" study. Cement-fiber siding, a durable product that looks like wood with none of the termites and rot associated with it, will give you the most bang for the buck. "Cement products have great payback value," Neidner says.
But when it comes to the roof over your head, fixing it up is a necessity. "If you sell a house with a leaky roof, you'll be sued," Remodeling Magazine's Cory says. |
