The 2022 Remodeling Impact Report from the National Association of REALTORS® Research Group gives us some interesting information about home improvements. Not only does this report show us the cost of certain home improvements, it also provides a Joy Score which reflects how excited homeowners were about their completed project. Exterior projects with the highest Joy Scores were for painting exterior siding, new vinyl or wood windows, and new steel or fiberglass doors.
How Much of the Cost Will You Recover at Resale?
REALTORS® provided an estimate of the likely dollar value each project would add to the house at resale. In comparing that dollar value to the estimated cost of each project provided by NARI members, a Recovered Project Cost percentage was calculated. For exterior projects, the highest percentage cost recovered was from new roofing and new garage door both at 100%. Fiber cement siding recovered 86% of the cost spent and vinyl siding recovered 82%. When it came to windows, vinyl windows recovered 67% of the cost spent with wood windows close behind at 63%. Steel front doors ranked at 63% and fiberglass front doors 60%.
Home Improvement Brings Joy to Homeowners
The fun scores were the joy scores. Across the board, windows, doors and siding all brought a lot of joy to the homeowners who installed them. While the interior home improvement projects ranked a bit higher than the exterior projects, it’s nice to see how much joy homeowners get from both.
Check out the full report to see all of the information on all of the projects. At All-Weather we are thrilled to know that our work brings joy to the homeowners who choose us and we’re also proud that our level of customer service adds to that joy before, during, and after the project is completed. Nearly a third of our 42,000 Kansas City customers – have been repeat customers and we think that speaks volumes about our level of customer service.