2019 Study: Remodel Projects that Will Pay Off
Updated: Oct 15, 2019
Each year Remodeling magazine produces a cost vs. value report for nationwide and regional trends. The 2018 report gives us a look into which home remodeling projects will be worth the effort.
Remodeling magazine compared average costs for 22 remodeling projects with the value those projects retain at resale based on 2018 data. Here are the Top 5:
Replacing your garage door has taken over the top of the list on a national average, with a 98.3 percent cost recoupment.
Taking a 300-square-foot band of existing vinyl siding from the bottom third of the front of your house and replacing it with manufactured stone veneer will cost around $8,211. You’ll see a resale value of $7,986, recouping an impressive 97.1 percent.
Replacing your door with a steel entry door will cost $1,471, with a $1,344 resale value, resulting in a 91.3 percent recoupment.
Reported as the fourth best remodeling project for its value, a wood deck addition will cost you $10,950. You’ll see a $9,065 resale value, so the recoupment comes in at 82.8 percent.
Minor kitchen updates can make a big difference when you go to sell your house. While it will cost you $21,198, you’ll recoup $17,193 when you sell—that’s 81.1 percent.
See the study here at Remodeling Magazine: https://www.remodeling.hw.net/cost-vs-value/2019/mountain/