Home Renovations With The Greatest Return On Value

When you are looking to make changes to your home, money always plays a factor. Especially if you don’t see your current residence as your forever home, the question isn’t only how much will you have to spend on the renovations — but also home much of a return you could hope to see on that investment when you are ready to move on.

Of course, there are the obvious projects where you probably expect a decent return, such as the kitchen and bathrooms. However, homeowners should be clear with themselves about their intentions before launching into a home renovation project: Is the goal truly to improve the value of the home? Or are they more concerned with improving their own experience while living there? Neither is a wrong answer, but these questions are essential to weigh before making renovation or design decisions that may not have universal appeal.

That said, here are the seven home renovation projects with the best return on investment in our region of the country, according to the 2019 Cost vs. Value report from Remodeling.

Manufactured Stone Veneer

Job Cost: $8,879
Resale Value: $8,305
Cost Recouped: 93.5%

Siding Replacement

Job Cost: $15,145
Resale Value: $13,232
Cost Recouped: 87.4%

Entry Door Replacement: Steel

Job Cost: $1,786
Resale Value: $1,469
Cost Recouped: 82.3%

Garage Door Replacement

Job Cost: $3,572
Resale Value: $2,892
Cost Recouped: 81%

Minor Kitchen Remodel: Mid-Range

Job Cost: $21,901
Resale Value: $17,171
Cost Recouped: 78.4%

Window Replacement: Vinyl

Job Cost: $16,430
Resale Value: $12,661
Cost Recouped: 77.1%

Deck Addition: Wood

Job Cost: $12,434
Resale Value: $8,595
Cost Recouped: 69.1%