Updates on Your House That Offer Biggest Returns

Home owners are investing in their homes once again, according to recent industry surveys that point to a strong rebound taking hold in home remodeling. Home owners also may be seeing higher gains from some of these remodeling projects at resale, according to the most recent Cost vs. Value Report, which reviews the top remodeling projects that offer the highest returns at resale. The Cost vs. Value Report is conducted each year by Remodeling Magazine, in conjunction with REALTOR(R) Magazine.

 

So, which remodeling projects offer the potential for some of the biggest pay-backs at resale? The following mid-range remodeling jobs offer the highest returns, according to the 2013 Cost vs. Value Report.

 

 

 

1. Entry door replacement (steel)

 

Estimated job cost: $1,137

 

Return on investment at resale: 85.6%

 

2. Deck addition (wood)

 

Job cost: $9,327

 

ROI: 77.3%

 

3. Garage door replacement

 

Job cost: $1,496

 

ROI: 75.7%

 

4. Minor kitchen remodel

 

Job cost: $18,527

 

ROI: 75.4%

 

5. Window replacement (wood)

 

Job cost: $10,708

 

ROI: 73.3%

 

6. Attic bedroom

 

Job cost: $47,919

 

ROI: 72.9%

 

7. Siding replacement (vinyl)

 

Job cost: $11,192

 

ROI: 72.9%

 

8. Window replacement (vinyl)

 

Job cost: $9,770

 

ROI: 71.2%

 

9. Basement remodel

 

Job cost: $61,303

 

ROI: 70.3%

 

10. Major kitchen remodel

 

Job cost: $53,931

 

ROI: 68.9%

Source:Realtor Magazine, Top 10 Remodeling Projects That Offer the Biggest Returns