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The National Association of Realtors and NARI teamed up for a second time to present a new and improved cost- and-value analysis of top remodeling projects. Edited by Qualified Remodeler Staff: Patrick O'Toole, Kacey Larsen and Kyle Clapham Research by: HouseLogic.com, the National Association of Realtors and the National Association of the Remodeling Industry any Americans find the idea of taking on a remodeling project too overwhelming to attempt. irty-five percent of U.S. homeowners would rather move to another home than remodel their current home. Fifty-five percent of owners in suburban areas and 52 percent of owners in urban areas say they would be willing to remodel their home. is jumps to 70 percent for owners in rural areas. When consumers remodel, it is to upgrade worn-out surfaces, finishes and materials (35 percent); to add features and improve livability (16 percent); and because it is time for a change (13 percent). Taking on projects is often worth the investment and time. After remodeling, 75 percent of owners have a greater desire to be in their home. Sixty-five percent have increased enjoyment in their home. Fifty-six percent feel happy, and 39 percent feel satisfied when they see their completed project, with a typical Joy Score of 9.6. Seventy-seven percent feel a major sense of accomplishment when they think of their completed project. irty-six percent of owners report the single most important result from remodeling is better functionality and livability; 17 percent report durable and long-lasting results, materials and appliances; and 17 percent report beauty and aesthetics. irty-two percent of the owners did the project themselves, 32 percent hired a professional for all of the job, and 21 percent hired the labor but purchased the materials. Fourteen percent contributed some do-it-yourself (DIY) labor. In December of 2015, when this report was conducted for the first time, costs were 12 percent lower. In 2017, average costs have risen far faster than overall value. e report covers both interior and exterior home improvement projects, and it provides a cost-recovery estimate for representative remodeling projects. e actual cost of each remodeling project and cost recovery are influenced by many factors, including project design, quality of materials, location, age and condition of the home, and homeowner preferences. In this report from the research department at the National Association of Realtors, a group of 20 popular remodeling and home improvement projects is given scores from consumers in terms of their joy on having completed such a project. Next, working with the National Association of the Remodeling Industry, they determined the average cost of those projects. And finally, Realtors from around the country have assigned value to each type of project. e result is a tour de force of data gathering, an analysis not found in one place in the same combination. – Editors M Joy, Cost and Value NEW MASTER SUITE/ OWNER'S SUITE KITCHEN UPGRADE COMPLETE KITCHEN RENOVATION BATHROOM RENOVATION ADD NEW BATHROOM BASEMENT CONVERSION TO LIVING AREA ATTIC CONVERSION TO LIVING AREA INSULATION UPGRADE CLOSET RENOVATION NEW WOOD FLOORING HARDWOOD FLOORING REFINISH HVAC REPLACEMENT NEW STEEL FRONT DOOR NEW FIBERGLASS FRONT DOOR NEW GARAGE DOOR NEW VINYL SIDING NEW FIBER CEMENT SIDING NEW ROOFING NEW VINYL WINDOWS NEW WOOD WINDOWS EXCLUSIVE: 2017 NAR/NARI Remodeling Impact Report 28 October 2017 QR QualifiedRemodeler.com