The 2024 Cost vs. Value report launched today, with exterior improvement projects continuing a multiyear trend of providing home sellers with their greatest return on investment. Compared with last year’s CVV reports, 2024’s has seen a surge in a number of project values, with the average values of the top two projects—the garage door and steel entry door replacements—worth double what they were last year.?Curiously, the HVAC conversion project (replace a fossil-fuel-burning furnace or boiler with an electric heat pump) ranked at No. 1 last year with 104% ROI; this year, the project has fallen to No. 12. This change is likely driven by?lower natural gas prices and higher electricity prices in 2023?compared to the year before when the project debuted. The bloom may be off the rose for electrification from a real-estate perspective, though all indicators suggest heat pump sales will accelerate.?