Vinyl Home Improvements Pay Off
Source: U.S. Newswire
To: GARDEN EDITORS
Contact: Rachna Sethi, +1-202-737-8400, for Vinyl News Service
Jan. 24 /PRNewswire-USNewswire/ -- Vinyl replacement windows and siding are among the top home improvement projects for recouping
costs at resale, according Remodeling Magazine's annual Cost v. Value Report.
In 2006, nationwide,
midrange vinyl siding replacement recouped over 87 percent of the job cost at resale, even in a cooling market, the report
notes. This means that the average cost of these home improvement projects was less than 23 cents on the dollar, with the
rest going directly back into the home through increased resale value.
vinyl siding replacement recouped 83.1 percent of job cost, nationwide. For vinyl replacement windows, midrange projects recouped
83.7 percent; upscale projects, 84.7 percent.
But the national
averages don't tell the whole story. The Cost v. Value Report calculated nine regional averages, following the U.S. Census
Bureau divisions, and in many regions, vinyl replacement projects outstripped the national figures. In New England, midrange
vinyl replacement siding recouped 94.4 percent of cost and upscale foam-backed vinyl, 93.6 percent. In the East South Central
Region (KY, TN, AL, and MS), upscale foam-backed vinyl siding recouped 92.2 percent and midrange vinyl siding, a whopping
windows also showed impressive returns. For example, in New England, midrange projects recouped 86.6 percent; upscale projects,
88.4 percent. On the West Coast, both midrange and upscale projects recouped more than 96.3 percent.
An article on
the report in Realtor(R) Magazine suggested that a major reason for the impressive showing of vinyl replacement projects should
be their energy efficiency in the face of rising fuel prices; yet realtors and salespeople cited in the article pointed first
to simple aesthetics. Prospective buyers are attracted by curb appeal, they said, and dingy old windows and siding turn people
The Cost v. Value
Report, issued in December 2006, was prepared by Hanley Wood LLC in cooperation with Realtor(R) Magazine and was based on
information from 2,188 real estate professionals in 60 cities. ENDS012407
For further information,
go to http://www.vinylindesign.comor http://www.vinylnewsservice.net.
SOURCE Vinyl News
(c) 2007 U.S. Newswire. Provided by ProQuest Information and Learning. All rights Reserved.