ROI KETTERING, Ohio--(BUSINESS WIRE)--The month of May is known to bring flowers, but it also coincides with National Home Remodeling Month, tax refunds and economic stimulus checks. Considering that many homeowners are renovating instead of relocating, it’s a good time to make smart home improvements that provide high return on investment (ROI).
Home improvers are in good company with remodeling expected to overtake new home construction by dollar volume within the decade, according to the National Association of Home Builders (NAHB). Nationally, the most profitable project was upscale siding replacement, recouping 88 percent of costs upon resale. Wood deck additions and wood window replacements also returned more than 80 percent of costs, at 85 percent and 81 percent, respectively.
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