Saturday, April 19, 2014

5 Mid-Range Remodeling Projects That Offer Biggest ROI

Each year, Remodeling Magazine, in conjunction with REALTOR® Magazine, takes a look at some of the most popular remodeling projects and gauges how well the projects retain their value at resale.

For example, replacing that front door is one of the least expensive remodeling jobs and offers the potential of a 96.6 percent return on investment, the highest ROI of 35 remodeling projects analyzed, according to the 2014 Cost vs. Value Report. Incidentally, front door replacement has topped the Cost vs. Value report since the first survey in 2009.

Here are some mid-range projects that retain their value by the highest rates:

Remodeling Job
Estimated Cost
Estimated Resale Value
Cost recouped
Entry door replacement (steel)
$1,162
$1,122
96.6%
 
Deck addition (wood)
$9,539
$8,334
87.4%
 
Attic bedroom
$49,438
$41,656
84.3%
 
Garage door replacement
$1,534
$1,283
83.7%
 
Minor kitchen remodel
$18,856
$15,585
82.7%
 

Courtesy: Melissa Dittmann Tracey, REALTOR® Magazine

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