In its
2017 Remodeling Impact Report, NAR’s Research Department studied why homeowners complete outdoor projects, as well as the value these projects can bring to a home and the overall increased happiness homeowners feel upon the project’s completion.
The report highlights the impact of curb appeal factors such as lawn type, lawn care, landscaping, patios and decks, and values the return on investments for such projects. Among outdoor projects, new roofing, vinyl windows and a new garage door were ranked in the top three by REALTORS® to add value, while kitchen renovations, upgrades and bathroom renovations were listed as key remodels for home resale.
“REALTORS® understand which remodeling projects and home upgrades will bring the most value to homeowners, whether they are remodeling with the hope of impressing potential buyers, bringing in higher offers or gaining more equity in the home,” said NAR President William E. Brown, in a
press release issued by NAR. “REALTORS® also understand that many of these projects are undertaken solely to get more enjoyment from spending time at home. No matter the objectives, REALTORS® have unique and invaluable insights into how renovations and remodeling will bring the most benefit to homeowners.”
NAR also released
an infographic about the report.