Return On Investment

Looking for the Highest Return On Your Real Estate Investment?

Looking for the Highest Return on Investment (ROI)?

Savvy homeowners know that major—or even minor—real estate 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 real estate because, unfortunately, many upgrades won’t entirely re-coup 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 sales price you will get as a home seller .

Here are the top 10 remodeling projects that provide the best return on investment (ROI) nationally:

 

RANKING PROJECT COST RE-COUP ON AVERAGE JOB COST VS. RESALE VALUE:

#10 Add a family room

Cost Recouped: 69.3 percent
Average Job Cost: $89,566
Resale Value: $62,055


#9 Finish the basement ROI

(estimate includes bar area, main room, and bathroom)
Cost Recouped: 70 percent
Average Job Cost: $71,115
Resale Value: $49,768


#8 Add a two-story addition ROI

(cost estimate includes adding a family room, bedroom, and bathroom)
Cost Recouped: 71.1 percent
Average Job Cost: $176,108
Resale Value: $125,222


#7 Add a wood deck ROI

(cost estimate includes built-in bench and planter)
Cost Recouped: 71.5 percent
Average Job Cost: $10,707
Resale Value: $7,652


#6 Replace the siding ROI

Cost Recouped: 76.4 percent
Average Job Cost: $14,518
Resale Value: $11,093


#5 Replace the garage door ROI

Cost Recouped: 76.9 percent
Average Job Cost: $1,749
Resale Value: $1,345


#4 Complete a minor kitchen remodel ROI

(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)
Cost Recouped: 80.2 percent
Average Job Cost: $20,830
Resale Value: $16,699


#3 Install a manufactured stone veneer ROI

(Instead of vinyl siding)

Cost Recouped: 89.4 percent
Average Job Cost: $7,851
Resale Value: $7,019


#2 Replace your entry door with a steel door ROI

Cost Recouped: 90.7 percent
Average Job Cost: $1,413
Resale Value: $1,282


#1 Add fiberglass attic insulation ROI

Cost Recouped: 107.7 percent
Average Job Cost: $1,343
Resale Value: $1,446

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