- REALTOR® Magazine and the National Association of REALTORS® distributed an online survey to more than 200,000 member agents, brokers, and appraisers to obtain estimates of resale value. More than 6,500 responded at least in part.
- The Farnsworth Group, an online market research company, programmed and hosted the Remodeling Cost vs. Value Web-based survey. It collected and compiled the data between August and October, 2014, and also provided consulting.
- RemodelMAX, a publisher of estimating tools for remodelers, used Clear Estimates remodeling software to generate cost estimates for all 36 projects in 102 markets.
Confidence Intervals
For national averages, the confidence interval is 95% +/-1.82. (This means that 95% of the time, national results for this survey will fall within 1.82 points to either side of the results published here.) Confidence intervals for each of the nine regions are shown below.
| Region | Confidence Interval | |
|---|---|---|
| New England | 95% | +/-7.36 |
| Middle Atlantic | 95% | +/-5.96 |
| South Atlantic | 95% | +/3.97 |
| East North Central | 95% | +/-5.08 |
| West North Central | 95% | +/-7.18 |
| East South Central | 95% | +/-6.87 |
| West South Central | 95% | +/-6.31 |
| Mountain | 95% | +/-6.31 |
| Pacific | 95% | +/-5.2 |
| National | 95% | +/- 1.82 |