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%