Hanley Wood Names Top 25 Counties for Remodeling Potential in 2011

Mar 16, 2011

What do Lake County, Ill., Fairfax County, Va., Snohomish County, Wash., and Anoka County, Minn. have in common? 

Besides being located in some of the most highly desirable areas to live, they also have the distinction of being named among the top 25 U.S. counties with the most potential to see a boom in remodeling activity in 2011 by Hanley Wood. The list appeared in the January issue of Remodeling magazine.

 

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According to Hanley Wood’s executive director of research, Jonathan Smoke, "the counties were picked based on all the factors that create a strong remodeling environment: healthy economic conditions and forecasts, lots of housing most amenable to remodeling (older housing stock — but not too old — and relatively expensive), large numbers of the type of households that do remodeling projects, and a strong forecast on the Residential Remodeling Index (RRI)."

Hanley Wood’s research suggests that the optimal age for remodeling is in homes built between 1980 and 1999. Counties with a higher concentration of homes built in these two decades scored higher. 

Click here to read the full article.

Armed with that data, the next logical question is what projects should homeowners invest in this year to recoup the biggest return on investment (ROI) at resale? 

Again, the team at Remodeling has answered, citing midrange entry door and garage door replacement projects as the number one and number two value yielding projects on average, nationwide, in the Remodeling 2010-11 Cost vs. Value Report (www.costvsvalue.com). 

Visit http://www.clopaydoor.com/presskit/pr-06.html to find out more about entry door and garage door ROI.

Tags:

Clopay Entry Doorsremodelinggarage door ROIgarage door replacement projects

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