Homeowners who are thinking about remodeling should consider which home improvement projects offer the best return for the money spent. Most upgrades will typically not return 100% on the dollar spent. However, some remodels are better than others. Likewise, your local and regional costs may be different than the national averages.
The Right Kitchen Remodel Can Often Be Worth The Investment
Project
|
Cost
|
Value
|
Recoup%
|
Garage Door
Replacement
|
$3,611
|
$3,520
|
97.5%
|
Manufactured
Stone Veneer
|
$8,907
|
$8,449
|
94.9%
|
Minor Kitchen
Remodel
|
$22,507
|
$18,123
|
80.5%
|
Deck Addition
(Wood)
|
$13,333
|
$10,083
|
75.6%
|
Siding
Replacement
|
$16,036
|
$12,119
|
75.6%
|
Project |
Cost |
Value |
Recoup% |
Garage Door Replacement |
$3,785 |
$4,685 |
123.8% |
Manufactured Stone Veneer |
$9,507 |
$10,499 |
110.4% |
Deck Addition (Wood) |
$16,511 |
$14,491 |
87.8% |
Minor Kitchen Remodel |
$24,950 |
$21,723 |
87.1% |
Grand Entrance (Fiberglass) |
$9,568 |
$8,147 |
85.1% |
Project |
Cost |
Value |
Recoup% |
Garage Door Replacement |
$3,626 |
$3,548 |
97.9% |
Entry Door Replacement |
$1,851 |
$1,737 |
93.8% |
Minor Kitchen Remodel |
$22,958 |
$20,290 |
88.4% |
Siding Replacement |
$16,794 |
$14,424 |
85.9% |
Manufactured Stone Veneer |
$8,809 |
$7,311 |
83.0% |
*© 2019 Hanley Wood, LLC. Complete data from the Remodeling 2019 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.