Remodeling Magazine’s 2020 Cost vs Value Report

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Remodeling Magazine recently released their 33rd annual Cost vs. Value Report comparing 22 remodeling projects & upgrades with the value they retain when the property is sold in 101 U.S. housing markets.  Interestingly, they say this year’s numbers show a slight downturn on the ROI for nearly all projects relative to the trends in 2019’s report.   Indeed…

“Why the difference? The most likely answer is consumer jitters. While remodeling professionals need to stay on point, they can breathe easy. Remodeling activity is growing at a slower rate than in years past, but it continues to grow (see the Q3 RRI Update), and as long as businesses don’t overleverage and are realistic about the return on investments they make now to grow their own business—especially keeping a firm handle on cash flow—the outlook for 2020 looks calm…”

Click here to read the full report at Remodeling Magazine.

 

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Director of Education & Outreach, National Real Estate Investors Association

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