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Here are some interesting statistics shared by the NATIONAL ASSOCIATION OF REALTORS. While home prices have fallen by 7% nationally over the past year, on average a homeowner's investment in remodeling projects has only declined by 3.86%, from 2007-2008. Based upon a national average, a homeowner can expect to recoup approximately 67.3% of their remodeling investment - provided the improvement it is done with the same integrity as the rest of the house. In other words, if you are about to finish an unfinished basement, it needs to be done with the same quality of workmanship as the current living area and remodeling should be done with upgraded or "present time" finishing materials.
Remodeling projects that increase curb appeal seem to lead the way, followed by kitchen remodels. Here are the top 10 based on the approximate percentages recouped:
1. (86.7%) Upscale fiber cement siding
2. (81.8%) Mid-range wood deck
3. (80.7%) Mid-range vinyl siding
4. (80.4%) Upscale foam-backed siding
5. (79.5%) Mid-range minor kitchen remodel
6. (79.2%) Upscale vinyl window replacement
7. (77.7%) Mid-range wood window replacement
8. (77.2%) Mid-range vinyl window replacement
9. (76.5%) Upscale wood window replacem,ent
10.(76.0%) Mid-range major kitchen remodel
