What do you know? The annual Remodeling Cost vs. Value report for 2009-2010 was just released and despite the track record of recent years past, a new trend is being established.

Hip, hip, hooray for Exterior Remodeling Projects!

Gone are the days of “best bang for your buck” in the form of Kitchen and Bathroom remodeling. It’s the remodeled exterior of your home that will now offer the greatest return, according to this year’s cost vs. value report. Seven out of the top ten high-yielding value projects on this acclaimed report are exterior remodeling projects.

Reason being? I’ll give you one guess.

The state of the economy has forced many homeowner to scale back on their projects in the name of frugality. Tax credits and energy efficiency incentives also aide in this outcome.

Folks are recognizing the importance of quality product vs. price of product (i.e. Most homeowners are now willing to pay more money up front for an energy efficient window that will help to lower utility bills in the long run). Projects are being recognized more and more as true investments.

Your Top Ten list is here:

1. Entry door replacement steel (128.9%)
2. Attic bedroom (83.1%)
3. Deck addition wood (80.6%)
4. Siding replacement vinyl (79.9%)
5. Minor kitchen  remodel (78.3%)
6. Window replacement wood (77.3%)
7. Window replacement vinyl (76.6%)
8. Basement remodel (75.4%)
9. Major kitchen remodel (72.1%)
10. Bathroom remodel (71%)

No, I did not illustrate this cartoon. Not a chance. I stole it from the web. Pulled it off of Google.

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