As the cold weather begins to break, now could be the perfect time to begin home renovations. The Appraisal Institute encourages homeowners to choose their renovations wisely to maximize potential return on investment.[Read more…]
With warmer weather on its way, the Appraisal Institute encourages homeowners to improve their properties without moving beyond neighborhood norms. [Read more…]
The Appraisal Institute urges homeowners to consider winterizing their properties to potentially lower energy costs, increase comfort in cold months and possibly improve resale value.
AI encourages homeowners to focus on three main updates for the winter: windows, exterior and furnace.
Adding energy-efficient vinyl windows to the home can have an average payback of more than 69 percent, according to the Remodeling 2011–12 Cost vs. Value Report, published by Hanley Wood. Vinyl replacement windows offer a higher return on investment than wood replacement windows and also have a higher projected return on investment than many other home improvement projects.
That same study found exterior replacement projects retained the most value in home improvements. For example, updating and replacing fiber-cement siding returned 78 percent of homeowners’ original investment. [Read more…]