Nationally, when it comes to renovation ROI, curb appeal still wins out. Here are the top five projects with the greatest ROI in the report’s “midrange” cost category:
Manufactured Stone Veneer (97.1% ROI)
- Average Cost: $8,221
- Average Resale Value: $7,986
Entry Door Replacement (Steel) (91.3% ROI)
- Average Cost: $1,471
- Average Resale Value: $1,344
Deck Addition (Wood) (82.8% ROI)
- Average Cost: $10,950
- Average Resale Value: $9,065
Minor Kitchen Remodel (81.1% ROI)
- Average Cost: $21,198
- Average Resale Value: $17,193
Siding Replacement (76.7% ROI)
- Average Cost: $15,072
- Average Resale Value: $11,554
The top five projects with the greatest ROI in the report’s “upscale” cost category are:
Garage Door Replacement (98.3% ROI)
- Average Cost: $3,470
- Average Resale Value: $3,411
Window Replacement (Vinyl) (74.3% ROI)
- Average Cost: $15,955
- Average Resale Value: $11,855
Window Replacement (Wood) (69.5% ROI)
- Average Cost: $19,391
- Average Resale Value: $13,468
Grand Entrance (Fiberglass) (67.6% ROI)
- Average Cost: $8,591
- Average Resale Value: $5,809
Bathroom Remodel (56.2% ROI)
- Average Cost: $61,662
- Average Resale Value: $34,633
Nationally—and on the complete other end of the spectrum—here are the five projects with the lowest ROI in the “midrange” cost category:
Backyard Patio (47.6% ROI)
- Average Cost: $54,130
- Average Resale Value: $25,769
Master Suite Addition (56.6% ROI)
- Average Cost: $123,420
- Average Resale Value: $69,807
Major Kitchen Remodel (59% ROI)
- Average Cost: $63,829
- Average Resale Value: $37,637
Bathroom Addition (59.9% ROI)
- Average Cost: $44,717
- Average Resale Value: $26,769
Deck Addition (Composite) (63.6% ROI)
- Average Cost: $17,668
- Average Resale Value: $11,239
The five projects with the lowest ROI in the “upscale” cost category are:
Master Suite Addition (48.3% ROI)
- Average Cost: $256,229
- Average Resale Value: $123,797
Major Kitchen Remodel (53.5% ROI)
- Average Cost: $125,721
- Average Resale Value: $67,212
Bathroom Addition (54.6% ROI)
- Average Cost: $83,869
- Average Resale Value: $45,752
Bathroom Remodel (56.2% ROI)
- Average Cost: $61,662
- Average Resale Value: $34,633
Grand Entrance (Fiberglass) (67.6% ROI)
- Average Cost: $8,591
- Average Resale Value: $5,809
The 2018 Cost vs. Value Report compares, across 149 markets, the average cost of 21 popular remodeling projects with their average value at resale one year later. Average resale value is calculated based on estimates provided by real estate professionals. View the full report, including project descriptions and city-level data, by clicking the link below.
http://www.remodeling.hw.net/cost-vs-value/2018/
Posted by ImaginationRealty 