Qualified Remodeler Magazine

JAN 2016

Qualified Remodeler helps independent remodeling firms to survive, become more professional and more profitable by providing must-have business information, namely best business practices, new product information and timely design ideas.

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New Garage Door CONSUMER S' VIE WPOINT AF TER COMPLETING THE PROJEC T: ¡ ¡ Top reason for doing the project: to upgrade worn-out surfaces, finishes and materials — 39 percent. ¡ ¡ Second most common reason: it was time for a change — 17 percent. ¡ ¡ Most important result: better function and livability — 33 percent. ¡ ¡ Thirty-nine percent of homeowners have a greater desire to be home since completing the project, 32 percent have an increased sense of enjoyment, and 68 percent have the same level of enjoyment when they are at home, and 61 percent have a major sense of accomplishment when they think of the project. ¡ ¡ J OY S C O R E: 9.5 ¡ ¡ Twenty-six percent of REALTORS® have suggested sellers add a new garage door before attempting to sell, and only 3 percent said the project most recently helped cinch a deal for them, resulting in a closed sale. ¡ ¡ Among all U.S. households, 1 percent cited the garage as giving them the most enjoyment in their home. COST RECOV ERY: ¡ ¡ NARI Remodelers' cost estimate: $2,300. ¡ ¡ REALTORS®' estimated cost recovered: $2,000. ¡ ¡ Percent of value recovered from the project: 87 percent. New Vinyl Windows CONSUMER S' VIE WPOINT AF TER COMPLETING THE PROJEC T: ¡ ¡ Top reason for replacing their windows (vinyl and wood): to improve energy efficiency — 47 percent. ¡ ¡ Second most common reason: to upgrade worn-out surfaces, finishes and materials — 36 percent. ¡ ¡ Most important result: better function and livability — 31 percent. ¡ ¡ Sixty-one percent of homeowners have a greater desire to be home since completing the project, 51 percent have an increased sense of enjoyment when they are at home, and 71 percent have a major sense of accomplishment when they think of the project. ¡ ¡ J OY S C O R E: 9.4 ¡ ¡ Twenty-one percent of REALTORS® have suggested sellers add new vinyl windows before attempting to sell, and 8 percent said the project most recently helped cinch a deal for them, resulting in a closed sale. COST RECOV ERY: ¡ ¡ NARI Remodelers' cost estimate: $15,000. ¡ ¡ REALTORS®' estimated cost recovered: $12,000. ¡ ¡ Percent of value recovered from the project: 80 percent. New Vinyl Siding CONSUMER S' VIE WPOINT AF TER COMPLETING THE PROJEC T: ¡ ¡ Top reason for doing the project: to upgrade worn-out surfaces, finishes and materials — 50 percent. ¡ ¡ Second most common reason: to improve energy efficiency — 28 percent. ¡ ¡ Most important result: durable and long-lasting results and materials — 29 percent. ¡ ¡ Sixty-three percent of homeowners have a greater desire to be home since completing the project, 49 percent have an increased sense of enjoyment when they are at home, and 75 percent have a major sense of accomplishment when they think of the project. ¡ ¡ J OY S C O R E: 8.9 ¡ ¡ Six percent of REALTORS® have suggested sellers add new vinyl siding before attempting to sell, and only 1 percent said the project most recently helped cinch a deal for them, resulting in a closed sale. COST RECOV ERY: ¡ ¡ NARI Remodelers' cost estimate: $12,000. ¡ ¡ REALTORS®' estimated cost recovered: $10,000. ¡ ¡ Percent of value recovered from the project: 83 percent. N A RI COS T M EDI A N $2,300 $2,000 N A R VA LU E M EDI A N N A RI COS T M EDI A N $15,000 $12,000 N A R VA LU E M EDI A N N A RI COS T M EDI A N $12,000 $10,000 N A R VA LU E M EDI A N New Wood Flooring CONSUMER S' VIE WPOINT AF TER COMPLETING THE PROJEC T: ¡ ¡ Top reason for doing the project: to upgrade worn-out surfaces, finishes and materials — 52 percent. ¡ ¡ Second most common reason: it was time for a change — 12 percent. ¡ ¡ Most important result: better function and livability — 24 percent. Close behind are durability (23 percent) and beauty (22 percent). ¡ ¡ Seventy-seven percent of homeowners have a greater desire to be home since completing the project, 65 percent have an increased sense of enjoyment when they are at home, and 73 percent have a major sense of accomplishment when they think of the project. ¡ ¡ J OY S C O R E: 9.5 ¡ ¡ Nineteen percent of REALTORS® have suggested sellers add new wood flooring before attempting to sell, and 5 percent said the project most recently helped cinch a deal for them, resulting in a closed sale. ¡ ¡ If a U.S. household had $25,000 to update or remodel, 6 percent say they would do a new flooring first. COST RECOV ERY: ¡ ¡ NARI Remodelers' cost estimate: $5,500. ¡ ¡ REALTORS®' estimated cost recovered: $5,000. ¡ ¡ Percent of value recovered from the project: 91 percent. N A RI COS T M EDI A N N A R VA LU E M EDI A N $5,500 $5,000 EXCLUSIVE: REALTORS ® Remodeling Impact Report 24 January 2016 QR QualifiedRemodeler.com

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