Western Wisconsin Real Estate News
- Wisconsin Home Sales Up in Third Quarter as Median Prices Moderate
- Will the $8,000 First (New) Home Buyer Tax Credit in the 2009 Stimulus Package be Extended into 2010 and Increased to $15,000?
- "Foreclosure Mediation, Relief for the 'Little Guy'"
- Curb Appeal Matters Now More Than Ever, Say Realtors®
- Improvement Coming to Buyer Tax Credit?
- 30-Year Fixed Rate Falls to at Least a 37-Year Low
- "Area Economy Could Start to Rebound in Spring, Experts Say" Shawano Leader (01/11/09) Thornton, Dennis
For the second year in a row, Realtors® report that exterior remodeling projects return the most money as a percentage of cost, as detailed in the 2008 Remodeling Cost vs. Value Report.
On a national level, wood deck additions and all types of siding replacements – upscale fiber cement, midrange vinyl, and upscale foam-backed vinyl – returned more than 80 percent of project costs upon resale. Of these, the most profitable project was upscale fiber cement siding, which recouped 86.7 percent of costs, followed by wood decks at 81.8 percent, midrange vinyl siding at 80.7 percent, and upscale foam-backed vinyl siding at 80.4 percent.
“Because today’s buyers have much more to choose from in the way of inventory, any home for sale must make a positive first impression,” said National Association of Realtors® President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth. “As a trusted source for real estate information, Realtors® understand what attracts and motivates their buyer clients, which is why the results of this year’s Cost vs. Value report underscore the importance of curb appeal in the buyer’s eye.” Information courtesy of NAR.