Home remodeling is still worth the investment, according to the 2009-2010 Cost vs. Value Report.

According to the data in the report, various types of siding and window replacements and expansions of living spaces round out the list of the top ten ways to get the greatest return on investment for a remodel. And many of the projects that are receiving top returns are mid range and modest cost projects. So don’t let a slow economy prevent you from making an upgrade to your home. Keep it mid-range to see the best return.

The best thing to do? Do the upgrades as you can and as you want to. It’s so much better to already have a great house if you plan to go on the market in the next year or two. It makes going on the market much less costly, and makes your home more enjoyable while you’re living in it.

Here’s some of the top projects:

Siding, window and door replacement: First impressions count, and these changes can make a huge difference in your homes first impression. The frequency of these upgrades in 2009 could have something to do with the energy tax credits as well. Siding, windows and doors not only look great but can have energy benefits.

Adding an attic bedroom or a deck: This reinforces the idea that adding living space to your home is cost effective and that more living space is attractive to buyers. In our area of Ohio and most nearby states, an attic bedroom is the number one return on investment project from 2009, with an %83.1 return.

Kitchen and Bathroom upgrades: Restraint is golden. Modest and midrange remodels of kitchens and baths are offering better return on investment nationally. So, spend less on your kitchen upgrades, that high-class kitchen is not fetching what it used to. A major upscale kitchen remodel is trending at 63.2% return, with a midrange remodel at 72.1%.

Up from last year’s report in return on investment in our region, along with their return ranking:

Attic bedroom (#1)

Back-up power generator (#2)

Basement Remodel (#3)

Roofing Replacement (#16)

Everything else, including ALL upscale remodels, are trending lower return than last year. Although with returns on some of these projects at 70 or 80 percent, it’s still a great way to invest!

To see a complete list, visit our region’s data in the Remodeling Magazine’s Cost vs. Value Report.

Related...

• October 11, 2010 -- Kitchen Design Trends