Remodeling That Pays

Remodeling That Pays

Stretch your Remodeling Budget with Projects that Pay!

It is inherent in people to want to customize their space, to make it feel more like home. When we buy and move into a new home, we have a unique opportunity to not only fix it up, but make it our own. But remodeling can be difficult on one’s checkbook, especially if you may be in the home for only a few years. This list will help you understand what projects will return on investment, so you can get some of that money back when you sell your home in the future.

Top 10 Midrange Projects

1. Entry Door Replacement (steel)
Cost: $1,200
Resale Value: $1,100
Cost Recouped: 96.6%

2. Deck Addition (wood)
Cost: $9,500
Resale Value: $8,300
Cost Recouped: 87.4%

3. Attic Bedroom
Cost: $49,400
Resale Value: $41,700
Cost Recouped: 84.3%

4. Garage Door Replacement
Cost: $1,500
Resale Value: $1,300
Cost Recouped: 83.7%

5. Minor Kitchen Remodel
Cost: $18,800
Resale Value: $15,600
Cost Recouped: 82.7%

6. Window Replacement (wood)
Cost: $10,900
Resale Value: $8,600
Cost Recouped: 79.3%

7. Window Replacement (vinyl)
Cost: $10,000
Resale Value: $7,800
Cost Recouped: 78.7%

8. Siding Replacement (vinyl)
Cost: $11,500
Resale Value: $9,000
Cost Recouped: 78.2%

9. Basement Remodel
Cost: $62,900
Resale Value: $49,000
Cost Recouped: 77.6%

10. Deck Addition (composite)
Cost: $15,400
Resale Value: $11,500
Cost Recouped: 74.3%

Top 10 Upscale Projects

1. Siding Replacement (fiber-cement)
Cost: $13,400
Resale Value: $11,600
Cost Recouped: 87.0%

2. Garage Door Replacement
Cost: $2,800
Resale Value: $2,300
Cost Recouped: 82.9%

3. Siding Replacement (foam-backed vinyl)
Cost: $14,200
Resale Value: $11,100
Cost Recouped: 78.1%

4. Window Replacement (vinyl)
Cost: $13,400
Resale Value: $10,300
Cost Recouped: 76.6%

5. Window Replacement (wood)
Cost: $16,800
Resale Value: $12,400
Cost Recouped: 74.0%

6. Grand Entrance (fiberglass)
Cost: $7,300
Resale Value: $5,100
Cost Recouped: 70.7%

7. Deck Addition (composite)
Cost: $35,000
Resale Value: $22,800
Cost Recouped: 65.1%

8. Bathroom Remodel (tie)
Cost: $51,500
Resale Value: $32,700
Cost Recouped: 63.6%

8. Major Kitchen Remodel (tie)
Cost: $110,000
Resale Value: $70,000
Cost Recouped: 63.6%

9. Roofing Replacement
Cost: $34,500
Resale Value: $22,000
Cost Recouped: 63.0%

10. Bathroom Addition
Cost: $72,500
Resale Value: $44,000
Cost Recouped: 60.6%

We hope this list helps you to prioritize your projects so you get maximum enjoyment and return from fixing up and customizing your home. Happy remodeling! The data used in this report was found online and collected in survey of real estate professionals between August and October 2013. All dollar amounts were rounded off to the nearest $100 and are approximate.

Stuart Rayburn

About Stuart Rayburn

Stuart Rayburn is an experienced publisher and entrepreneur, having founded, grown and sold the CSRA Business Monthly, Summerville Maids, and GloTech Janitorial Services. He is currently the owner of Billboard Guru, LLC and a founding partner of Explore the South, the publishing company responsible for the Downtown Augusta Map, the Downtown Athens Map and the Columbia, SC Map as well as The Newcomers Guide for Greater Augusta. He has lived in Augusta since 1988. Stuart enjoys spending time with his two boys, cooking and hunting.