Remodeling Magazine has once again released their “Cost Vs. Value Report” which highlights home improvement projects that deliver the highest return on investment (ROI).
The “Cost Vs. Value Report” is a good resource for helping homeowners to determine which home improvement projects to consider, especially when getting ready to sell. Of course, costs will vary depending on the homeowner’s chosen materials and the market in which the home is located, but the report gives a general reference scale of what a homeowner should expect. We have highlighted the top 7 Home Improvement Projects that should deliver 70% or more in ROI. Keep in mind these results are based on generic projects and not including highly-personalized projects, custom materials, and fluctuations in local area pricing.
- Garage Door Replacement
National Average Cost: $3,619 Return on Investment: 97.5%
- Manufactured Stone Veneer
National Average Cost: $8,907 Return on Investment: 94.9%
- Kitchen Remodel (Minor)
National Average Cost: $22,507 Return on Investment: 80.5%
- Deck Addition
National Average Cost: $13,333 (Wood) Return on Investment: 75.6%
National Average Cost: $19,150 (Composite ) Return on Investment: 69.1%
- Entry Door
National Average Cost: $1,826 (Steel) Return on Investment: 74.9%
- Window Replacement
National Average Cost: $16,802 (Vinyl) Return on Investment: 73.4%
National Average Cost: $20,526 (Wood) Return on Investment: 70.8%
- Grand Entrance (Fiberglass – Upscale)
National Average Cost: $8,994 Return on Investment: 71.9%