Wagner, Bill 
Keller Williams, Atlanta Partners

Office:
770 775 2600
 
Cell:
770 316 5519
 
Fax:
678 922 1324
 
Lead Email:
Bill @BillWagnerHomes.com
 
Website:
BuyGwinnettCountyHomes.com
 
Website:
BillWagnerHomes.com
 


          Cost vs. Value: The Home Improvement Projects With the Highest ROI in 2019

    

Larger indoor remodel projects took a hit as well, but weren't impacted as greatly as replacement projects as they rely more on labor costs rather than material costs.

"With the increasing costs of building materials and labor, we urge remodelers to think like real estate professionals first,” says Clayton DeKorne, editor-in-chief of Remodeling magazine. "When you adjust your focus to think like a broker first, you can dull clients’ No. 1 pain point—cost—with a discussion of the amount that can be recouped."

Nationally, here are the five projects with the greatest ROI in the report's mid-range cost category:

Manufactured Stone Veneer (94.9% ROI)
Average Cost: $8,907
Average Resale Value: $8,449

Minor Kitchen Remodel (80.5% ROI)
Average Cost: $22,507
Average Resale Value: $18,123

Deck Addition (Wood) (75.6% ROI)
Average Cost: $13,333
Average Resale Value: $10,083

Siding Replacement (75.6% ROI)
Average Cost: $16,036
Average Resale Value: $12,119

Entry Door Replacement (Steel) (74.9% ROI)
Average Cost: $1,826
Average Resale Value: $1,368

And the five projects with the greatest ROI in the report's upscale cost category are:

Garage Door Replacement (97.5% ROI)
Average Cost: $3,611
Average Resale Value: $3,520

Window Replacement (Vinyl) (73.4% ROI)
Average Cost: $16,802
Average Resale Value: $12,332

Grand Entrance (Fiberglass) (71.9% ROI)
Average Cost: $8,994
Average Resale Value: $6,469

Window Replacement (Wood) (70.8% ROI)
Average Cost: $20,526
Average Resale Value: $14,530

Bathroom Remodel (60.2% ROI)
Average Cost: $64,743
Average Resale Value: $38,952

Nationally—and on the other end of the spectrum—here are the five projects with the lowest ROI in the mid-range cost category:

Backyard Patio (55.2% ROI)
Average Cost: $56,906
Average Resale Value: $31,430

Master Suite Addition (59.4% ROI)
Average Cost: $130,986
Average Resale Value: $77,785

Bathroom Addition (60.6% ROI)
Average Cost: $47,427
Average Resale Value: $28,726

Roofing Replacement (Metal) (60.9% ROI)
Average Cost: $38,600
Average Resale Value: $23,526

Major Kitchen Remodel (62.1% ROI)
Average Cost: $66,196
Average Resale Value: $41,133

And the five projects with the lowest ROI in the upscale cost category are:
Master Suite Addition (50.4% ROI)
Average Cost: $271,470
Average Resale Value: $136,820

Bathroom Addition (58.1% ROI)
Average Cost: $87,704
Average Resale Value: $51,000

Major Kitchen Remodel (59.7% ROI)
Average Cost: $131,510
Average Resale Value: $78,524

Bathroom Remodel (60.2% ROI)
Average Cost: $64,743
Average Resale Value: $38,952

Window Replacement (Wood) (70.8% ROI)
Average Cost: $20,526
Average Resale Value: $14,530

The 2019 Cost vs. Value Report surveyed more than 3,200 real estate professionals about returns for 22 popular renovation projects in 136 different U.S. housing markets—up from 100 markets last year. 

 

 

 

 

 

 

 

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