Each year, Remodeling Magazine and Realtor Magazine team up to produce the Cost vs. Value report. The study looks at remodeling costs and resale value for more than 30 common home improvement projects. But the report is missing one thing. What about payback?
Many of the projects could be tweaked just a little to include some energy efficiency improvements at the same time. It’s a super-smart time to add these steps while drywall is already off and walls are already open – you cut the dust and prices later over doing these same improvements as stand alone projects. These upgraded projects would potentially add not just value, but offer savings through reduced energy costs.
Check out this payback case study from Chicago. The example shows how a few extra project steps could really save money through energy savings. Let the examples inspire your own home remodeling projects!