Curb Appeal: Tops Return On Investment

Thanks to Remodeling Magazine it's time for 2019 home return on investment statistics. Keep in mind that costs to remodel have increased, but the percentages still show a positive return on a variety of projects. Where will you gain the most significant ROI? Exterior updates reign supreme. Just look at the ROI for a new garage door and see that you'll get almost 100% of your investment back when you sell your home. Obviously, homebuyers who are not impressed by the outside of your home will be less interested in buying before they walk through the front door. First impressions are key to selling. Here for your inspiration are remodeling projects and the statistics to see whether you can recoup your expenses.
2019 NATIONAL AVERAGES
National Cost vs. Value Averages
M = MIDRANGE PROJECT | U = UPSCALE PROJECT
PROJECT                                JOB COST      RESALE VALUE             COST RECOUPED
Minor Kitchen Remodel - M $22,507             $18,123                                   80.5%
Major Kitchen Remodel - M $66,196              $41,133                                  62.1%
Major Kitchen Remodel - U $131,510             $78,524                                  59.7%
Bathroom Addition -                M $47,40         $28,726                                  60.6%
Bathroom Addition -                U $87,700        $51,000                                  58.1%
Bathroom Remodel -                M $20,420       $13,717                                  67.2%
Bathroom Remodel -                U $64,74          $38,952                                  60.2%
Universal Design Bathroom - M $33,374       $20,868                                  62.5%
Deck Addition (Composite) - M $19,150        $13,232                                  69.1%
Deck Addition (Wood) -          M $13,333        $10,083                                  75.6%
Midrange Backyard Patio-     M $56,906        $31,430                                  55.2%
Manufactured Stone Veneer-M $8,907         $8,449                                    94.9%
Master Suite Addition -          M $130,98       $77,785                                   59.4%
Upscale Master Suite Addition -U $271,470 $136,820                                50.4%
Siding Replacement -             M $16,036         $12,119                                  75.6%
Grand Entrance (Fiberglass)-U $8,994           $6,469                                    71.9%
Window Replacement (Wood) - U $20,526   $14,530                                  70.8%
Window Replacement (Vinyl) - U $16,802    $12,332                                  73.4%
Entry Door Replacement (Steel)-M $1,826    $1,368                                    74.9%
Garage Door Replacement-          U $3,611     $3,520                                    97.5%
Roofing Replacement (Asphalt)-M $22,636  $15,427                                  68.2%
Roofing Replacement (Metal) -  M $38,600  $23,526                                   60.9%
When you're ready to sell your home, please get a Realtor's objective opinion. You may be overwhelmed and think that your house won't sell unless you tackle certain projects. You may think you can't afford to correct the flaws you see in your home. A Realtor knows what buyers expect depending on numerous factors, including your listing price. A Realtor can help stage your home to make the most of its best features. Acknowledge your need for expert advice. With the guidance of a professional, the burden of making the most of your home's curb appeal will be lifted.

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