Remodel Projects Cost vs Value 2019

JoAnn Caddoo
Sep 30, 2019
2 min read

Whether you plan to stay in your house for a long time or just a few years, it’s smart to know which home renovations add the most value. Here are the six home remodeling projects that deliver the highest returns, according to the Cost vs. Value report. The percentages given are based on the mountain states region.

1. Garage Door. Believe it or not, this curb-appeal enhancer will get you back almost every dollar you spent at 97.5% it when you sell your house. The average cost to replace a garage door is $3550.

2. Manufactured Stone Veneer. Replacing vinyl siding with stone veneer on part of your home, such as an entryway, is a big curb-appeal upgrade for your home and can yield an ROI of 95%. The average cost for this project is $8731.

3. Minor Kitchen Remodel. Creating a modern-looking and functional kitchen adds extra enjoyment into your daily routine, but potential buyers also see the intrinsic value in this kind of upgrade. A minor remodel might include replacing appliances with new, more energy-efficient models, reface cabinets with new shaker-style wood panels, install new countertops, replace hardware, install a new sink and faucet or add new flooring and repaint. With an 80.3% ROI this can be a more cost-effective option than embarking on a major kitchen remodel where you will see 60% - 62% ROI.

4. Deck Addition. Adding a deck to your home can provide expanded living space during the warmer months and buyers see a real value in this added space. A composite deck has an ROI of 69.1% versus a wood deck of 75.6%.

5. Siding Replacement. If your siding has become old and dilapidated, you can expect to recoup 75.4% of your cost to replace it with new siding.

6. Entry Door Replacement (steel.) Do you see a pattern? Curb appeal plays a large role in recouping remodeling costs and by installing a new steel entry door you can recoup 74.9% of your costs.