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Home Remodeling Projects Break a 6 Year Decline in Home Appreciation

Minneapolis, MN (PRWEB) January 19, 2013

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The Cost vs. Value Report by Remodeling Magazine is anticipated annually for its great information on which West North Central, including Minneapolis home remodeling projects, provide the best return-on-investment for Twin Cities homeowners. According to the study, the West North Central Region of the US diverged slightly from national averages, showing slow and steady improvements in the Twin Cites housing market.

According to trendsin the Cost Vs Value Report for 2013, “In a positive sign for the remodeling industry, the 2013 national average cost-value ratio rose to 60.6%, ending a six-year decline. The ratio represents nearly a three-point improvement over 2011-12, and is more than a half-point higher than the ratio from two years ago. Lower construction costs are the principal factor in the upturn, especially when measured against stabilizing house values.”

“The bottom line is: today home renovations and major updates make sense because you want them and make smart choices when making them. The best home remodeling projects are those that fit your use and enjoyment of your home,” says Butch Sprenger, owner of Destiny Homes.

WEST NORTH CENTRAL / MINNEAPOLIS BEST HOME IMPROVEMENTS

Hanley's Remodeling Cost vs Value Report covers 13 home remodeling categories for “Upscale” or luxury homes; all 13 categories showed an increase in change over the same time frame in 2011 – 2012.

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