Top 10 Home Projects to Recoup Cost at Resale
When considering making a change to a home, most home owners look at cost of the improvement compared with the value it is likely to bring when the home is resold.
Here is the return on investment, as estimated by REALTORS of 10 Projects
- Entry door replacement (midrange) – 101%
- Manufactured stone, veneer (midrange) – 92.2%
- Garage door replacement (midrange) – 88.5%
- Siding replacement, fiber cement (upscale) – 84.3%
- Garage door replacement (upscale) – 82.5%
- Siding replacement, vinyl (midrange) – 80.7%
- Deck addition, wood (midrange) – 80.5%
- Minor Kitchen remodel (midrange) – 79.3%
- Window replacement, wood (midrange) – 78.8%
- Siding replacement, foam-backed vinyl (upscale) – 77.6%
Source: Remodeling Magazine and the NATIONAL ASSOCIATION OF REALTORS Cost vs Value Report