Home Remodeling Projects Break a 6 Year Decline in Home Appreciation

Housing's Remodeling Cost Vs Value Report released encouraging news that six year declines have been broken and confirm the Minneapolis housing market's positive changes over 2011- 2012. Destiny Homes, a luxury Minneapolis home builder and renovator, comments on the report and why well-chosen home improvements make home a more enjoyable and liveable place to be while increasing in value.

Minneapolis, MN (PRWEB) January 19, 2013

According to trends in the Cost Vs Value Report for 2013, "In a positive sign for the remodeling industry, the 2013 national average cost-value ratio rose to 60.6%, ending a six-year decline. The ratio represents nearly a three-point improvement over 2011-12, and is more than a half-point higher than the ratio from two years ago. Lower construction costs are the principal factor in the upturn, especially when measured against stabilizing house values."

"The bottom line is: today home renovations and major updates make sense because you want them and make smart choices when making them. The best home remodeling projects are those that fit your use and enjoyment of your home," says Butch Sprenger, owner of Destiny Homes.

WEST NORTH CENTRAL / MINNEAPOLIS BEST HOME IMPROVEMENTS

Hanley's Remodeling Cost vs Value Report covers 13 home remodeling categories for "Upscale" or luxury homes; all 13 categories showed an increase in change over the same time frame in 2011 - 2012. 2012 Hanley Wood, LLC. Complete data from the Remodeling 201213 Cost vs. Value Report can be downloaded free at http://www.costvsvalue.com. Destiny Home's Favorite Top Four Are:

1) Siding Replacement

Job cost: (vinyl) $11,144 - (fiber-cement) $13,025

Value at sale: (vinyl) $7,246 - (fiber-cement) $9,364

Midrange Cost Recouped: (vinyl) 65%

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Home Remodeling Projects Break a 6 Year Decline in Home Appreciation