Explore the 'Key Trends in the 2024 Cost vs. Value Report' and 'Methodology' sections on the JLC Online website. For the 'Key Trends', identify at least two significant trends or takeaways mentioned in the report. For the 'Methodology', describe how the report collects its data and determines project costs and resale values.
Navigate to 'https://www.jlconline.com/cost-vs-value/2024/ann-arbor-mi/'. Click on the 'Key Trends in the 2024 Cost vs. Value Report' link (ID 326). Identify and extract at least two key trends or takeaways from the displayed content. Navigate back to the Ann Arbor, Michigan page. Click on the 'Methodology' link (ID 328). Identify and extract information describing how the report collects its data and determines project costs and resale values. Synthesize the identified trends and methodology details into a concise answer.
The agent successfully navigates to the 'Key Trends' page. The agent identifies and states at least two distinct key trends from the 'Key Trends' section (e.g., 'exterior projects continue to offer the best return on investment' and 'the average cost recouped for all projects in the report is 48.3%'). The agent successfully navigates to the 'Methodology' page. The agent describes that the report collects data by surveying remodelers and real estate professionals, and that project costs are based on estimates from remodeling software and validated by remodelers, while resale values are determined by real estate professionals' perceptions of what buyers would pay for a renovated home.