Mortgage rates and inflation both rose in the fourth quarter of last year, making it “the darkest hour of 2022,” according to Todd Tomalak, head of Zonda’s Building Product Research & Advisory Practice. “But it provides an important perspective to capture. We learn what projects maintain a premium to homebuyers when times are tough and they can’t afford everything on their wish list.”
As trusted advisors for homeowners looking to remodel, the Improveit team dug into the research. Here’s a look at the biggest Cost vs Value trends, and what they mean for homeowners considering a remodeling project.
Did you miss the 2022 Cost vs Value Report? Find it here.