MANUFACTURED STONE
In this annual study of return on investment for remodeling projects, MSV again tops 90% return.
The return on investment for installing manufactured stone veneer (MSV) on the exterior of a home is 91.4 percent according to the recently released 2022 Cost vs. Value report from Remodeling Magazine (published by Zonda). This puts MSV as the second highest return on investment of the projects studied, and one of only two to return more than 90 percent of the cost of the project.
Manufactured stone veneer’s 92 percent cost vs. value return is the highest of all cladding projects in the study. Fiber-cement siding replacement was valued at 68.3 percent, while vinyl siding replacement came in at 67.2 percent.
“Curb appeal’ and ‘first impressions’ are strong concepts in real estate because they have a big impact on how much money prospective home buyers are willing to pay for a home,” the report says.
“Prospective buyers who see a “buttoned up” exterior form the impression that the house is in good shape”, the report says. It further notes that all of the 11 exterior projects rank in the top 12 overall projects studied.
Long term value with MSV
The manufactured stone veneer has been included in the annual study since 2015. This project has had an average 93.4 percent return over the past seven years.
In addition to ranking 2nd nationally, MSV was also in the top two projects when considered regionally as well. The study looked at nine regions across the US. MSV ranked as the top project for ROI in two of those regions, and second in the remaining seven.
Manufactured stone veneer’s 2022 cost/value return of 91.4 percent was based on an average project cost of $11,066 and a return at the time of sale of $10,109.