Remodeling Return on Investment
Comparing the average cost for 35 popular remodeling projects with the value those projects retain at resale, the data in Remodeling magazine’s Cost vs. Value Report includes national and regional averages for midrange and upscale projects. At the peak of the market in 2005, on average, nearly 87% percent of remodeling costs could be recouped. Although current returns are lower, some projects still offer a chance to recoup a majority of your investment.
According to the report, the top five projects nationwide for upscale homes are all exterior improvements. Fiber cement siding replacement is at the top of the list, offering a 78% return on investment. Exterior upgrades also place high on the list for midrange projects — entry door and garage door replacements rank at 72% and 73% respectively.
It is also possible to cut the data by project level within a region, such as the San Francisco Bay Area as in the chart below.
Visit the Remodeling magazine website to see the full Cost vs. Value Report.
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