PAGE 8 • HERMISTONHERALD.COM
SATURDAY, APRIL 18, 2015
HOME & GARDEN
How to determine the true value of home improvements
(BPT) — As the U.S.
housing industry continues
to emerge from the Great
Recession, signs are point-
ing toward positive recov-
ery. In fact, a recent report
from the Joint Center for
Housing Studies of Harvard
University states that the
home improvement indus-
try could see record spend-
ing in 2015.
It’s news like this that
may have you contem-
plating an update to your
house. Even if you plan to
stay in your home for years
to come, it’s important to
consider which home re-
modeling projects offer the
potential for a positive re-
turn on investment.
“Research shows that
more homeowners intend
to remain in their homes
after remodeling, however,
resale value is still a major
factor when planning reno-
Bringing it home
If you’re interested in near-term resale value, it’s important
to make sure that selling your home will at least recoup the
cost of any completed projects. If you plan to stay in your
home for many years, however, you’ll not only benefit from
an improved resale value down the road, but you’re also
more likely to appreciate the improved comfort and curb
appeal in the meantime.
Five home
improvements with
the highest ROI
• Replacing the front
door (steel 101.8 percent)
• Adding manufactured
stone veneer (92.2 percent)
PHOTO COURTESY BPT
• Replacing the garage
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The 2015 Remodeling door (88.4 percent)
mid-range exterior home renovations such as replacing the
Magazine Cost vs. Value
• Replacing the siding
front door with steel, replacing siding with vinyl and adding
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• Adding a deck (wood
home renovations as ben- 80.5 percent)
vations,” says Susan Selle,
Before spending a sig- H¿FLDO LQYHVWPHQWV WKDW DO-
The cost-value ratio
FKLHI PDUNHWLQJ RI¿FHU RI QL¿FDQWDPRXQWRIWLPHDQG low homeowners to recoup compares resale value to
exterior building products money on your next home a substantial percentage of construction cost. The
manufacturer Ply Gem In- improvement project, con- their investment when they higher the percentage, the
resell their homes:
dustries.
sider these tips.
more of the job costs you
are likely to recoup when
selling your home.
“Homeowners
want
lasting value from their
exterior renovation proj-
ects, so it’s important to
select the best materials
for the job upfront,” says
Jerry Blais, senior vice
president of marketing for
Ply Gem Industries. “For
example, when choosing
siding for the home, vinyl
siding provides overall bet-
ter performance than wood,
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ber cement and requires
less maintenance both in
the short and long term,
allowing homeowners to
complete their renovation
and enjoy it, hassle-free,
for years. In addition, vinyl
siding provides the styles,
textures and stylish colors
homeowners want to create
SEE VALUE/9
!
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