![]() ![]() Value report tracks the ratio of value over cost for 22 common remodeling projects, and in that ratio lies the rub: Material costs, especially for decking and pressure-treated framing lumber, started going through the roof in 2020, bringing down the return despite the project’s value. It’s been a year when we’d expect decks to reign supreme, but the data doesn’t track what’s most popular. The trend of exterior replacements outperforming larger discretionary remodeling projects has been accelerated, no doubt, by a year in which COVID has made people reluctant to have contractors inside their homes, but yearning to improve outdoor spaces. ![]() A relatively steep increase in costs during 2020 resulted in lower ROI figures compared to years past. Sorted by the highest percentage of cost recovered (or return on investment), this chart ranks all 22 projects in the Cost vs. ![]()
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May 2023
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