Investments That Pay
Many Oregonians looking to purchase a home in the last year have found out quickly that it has been a seller’s market as of late. There is a laundry list of reasons why the Oregon housing market has been seeing an increase in demand. As many may have noticed, Oregon is drawing in many individuals and families from other states. Portland alone has had a population increase on average of 19,063.33 in the last three years (WorldPopulationReview.com, 2021). Projected to be the thirteenth quickest growing state population by percentage change between 1995 and 2025 (Census.gov, 1997).
Some ways that you can increase the value of your home is by investing in updates and/or additions to your home that have a good return on investment. Additions and upgrades in Oregon mostly have a higher cost recouped than the national average according to the Remodeling 2020 Cost vs. Value Report (www.costvsvalue.com). And all of the recoup rates are higher in the Pacific Region than the national averages. Eugene, Oregon has lower cost recoup rates, while locations like Salem and Portland are above the national average in all categories we are discussing.
FIBER CEMENT SIDING
Fiber Cement Siding like James Hardie boasts a higher cost recoup rate than vinyl siding in the national average, Pacific Region, Salem, Portland, and Eugene making fiber cement siding even more appealing. The cost recoup rate of fiber cement siding is just one of the benefits of choosing Accountable Siding to replace your vinyl siding with James Hardie Fiber Cement Siding.
COMPOSITE AND WOOD DECK ADDITION
Deck additions are another good investment that reflect a good cost recouped rate. We offer deck additions that are either composite or wood to meet your specific needs. Just because it is starting to get into colder weather does not mean you shouldn’t be making additions to enjoy in the warmer seasons. A deck is also a great addition of space to make memories with your family and friends.
ASPHALT SHINGLE ROOFING
Roofing replacement projects using asphalt shingles, such as Owens Corning that we at Accountable Siding install, have a national average cost recouped of 60.7%, whereas the Pacific Region has a 70.4% cost recoup rate as compiled in the Remodeling 2020 Cost vs. Value Report (www.costvsvalue.com).
VINYL WINDOW REPLACEMENT
Vinyl window replacement is another area with a good cost recoup rate. Not only can vinyl window replacements lead to lowered electricity bills during the entire year, but it can also add value to your home for resale. According to the Remodeling 2020 Cost vs. Value Report (www.costvsvalue.com) the cost recouped on vinyl window replacement on average in the nation is at a rate of 68.6% compared to the Pacific Region Average of 76.5%.
We are currently running a sweepstakes for a $10,000 credit towards your Accountable Siding home remodel! For entry and rules, click here!
Invest in your property in a meaningful way that will positively affect the value of your home and protect it from damage. The exterior aesthetic of your home can be a major factor of your home’s curb appeal. Stay tuned for more tips to up your property’s curb appeal!
Sources:
© 2020 Hanley Wood, LLC. Complete data from the Remodeling 2019 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.”
https://worldpopulationreview.com/us-cities/portland-or-population