Report post

Are exterior replacement projects delivering the best return on investment?

The report reveals exterior replacement projects continue the multi-year streak of delivering the best return on investment (ROI) for homeowners. Of the 22 remodeling projects in the report, 11 are exterior replacement projects, all of which rank within the top 12 projects.

What is new in 2023?

New for 2023 is the HVAC conversion project. This project details removing an oil or gas furnace and replacing it with an electric heat pump that is appropriate for the climate zone. The CVV report shows that not only is this a popular project, but it also offers an exceptionally high return on investment (104%).

How has the value of a wood deck increased in 2021?

The most notable increase in value occurred in the wood deck project. This rise in value also corresponds to a sharp increase in the cost for wood decks (owing to steep rises in the cost of lumber in 2021), accounting for only a modest increase in the ROI.

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