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Remodel ROI Stats for 2019

Compare the costs of the most popular remodeling projects to how much the investment will improve a home’s resale value in 2019.

Remodel ROI Stats for 2019

It’s Spring and a lot of homeowners start getting serious about prioritizing what remodel project they should take on. There are a number of factors in the decision, including needs and expenses.  For people that have a few projects and aren’t sure how long they’ll be in their homes, the Return on Investment may be a deciding factor.

Interior Remodeling and Renovation

In 2019 kitchen remodels provide the 3rd highest ROI when reselling your home.

In REMODELING Magazine’s 32nd annual Cost vs. Value Report they compare the costs of the most popular remodeling projects to how much the investment will improve a home’s resale value. The 2019 report surveyed more than 3,200 real estate professionals about returns for 22 types of projects in 136 U.S. markets.

Exterior Remodeling and Renovation

9 out of the top 10 high return projects are exterior replacement – or high curb appeal – projects.

For all projects, the overall cost-to-value ratio stands at 66.1 percent. They found that Curb Appeal Projects provide the highest rates of return. Nine out of the top ten high return projects are exterior replacement – or high curb appeal – projects.

For 2019, the top ten projects by percentage of cost recouped are:

1. Garage Door Replacement (97.5%)
2. Manufactured Stone Veneer (94.9%)
3. Mid-range Minor Kitchen Remodel (80.5%)
4. Wood Deck Addition (75.6%)
5. Siding Replacement (75.6%)
6. Steel Entry Door Replacement (74.9%)
7. Vinyl Window Replacement (73.4%)
8. Fiberglass Grand Entrance (71.9%)
9. Wood Window Replacement (70.8%)
10. Composite Deck Addition (69.1%)

Contact the professionals at SMC to help plan your spring remodel project and maximize your ROI.

(information provided by REMODELING Magazine, January 22, 2019)