Top 10 Remodeling Projects With the Best ROI

Home Improvement

Top 10 Remodeling Projects With the Best Return On Investment (ROI)

Every smart homeowner knows that major—or even minor—remodeling projects should be undertaken with one eye on design and the other on the ROI. You want to be comfortable with whatever return on investment you receive for upgrading your home because, unfortunately, many upgrades won’t entirely recoup their cost upon sale. But the use you get out of the home with the upgrade might still make the construction worthwhile, regardless of the ultimate selling price.

 

Here’s the top 10 remodeling projects that provide the best return on investment nationally:

 

RANKING PROJECT COST RECOUPED AVERAGE JOB COST RESALE VALUE
10 Add a family room 69.30% $89,566 $62,055
9 Finish the basement (cost estimate includes bar area, main room and bathroom) 70% $71,115 $49,768
8 Add a two-story addition (cost estimate includes adding a family room, bedroom and bathroom) wood deck (cost estimate includes built-in bench and planter) 71.10% $176,108 $125,222
7 Add a wood deck (cost estimate includes built-in bench and planter) 71.50% $10,707 $7,652
6 Replace the siding 76.40% $14,518 $11,093
5 Replace the garage door 76.90% $1,749 $1,345
4 Complete a minor kitchen remodel (cost estimate includes new cabinet fronts and hardware, new energy-efficient appliances, laminate countertops, mid-priced sink and faucet, dingy floor replacement and wall paint) 80.20% $20,830 $16,699
3 Install a manufactured stone veneer (instead of vinyl siding) 89.40% $7,851 $7,019
2 Replace your entry door with a steel door 90.70% $1,413 $1,282
1 Add fiberglass attic insulation 107.70% $1,343 $1,446




*Data from Remodeling Magazine's annual Cost vs. Value report. Content from https://crs.com/remodeling-projects-best-ROI