Last week we shared with you how homeowners are investing in updating their homes. Homeowners are seeing higher gains from some of their remodeling projects at resale as well. In our last post, we also discussed the top 10 trends for remodeling your home in 2014.
Now, we want to share with you what the average job cost is on some of the hottest projects, as well as what the return on investment is if you are going to sell your home. This data is from the 2013 cost versus value report covering remodeling trends to see what will get you the most return on your investment.
1. Entry Door Replacement (steel)
Job cost: $1,1371
Return on investment at resale: 85.6%
2. Deck Addition (wood)
Job cost: $9,327
Return on investment at resale: 77.3%
3. Garage Door Replacement
Job cost: $1,496
Return on investment at resale: 75.7%
4. Minor Kitchen Remodel
Job cost: $18,527
Return on investment at resale: 75.4%
5. Window Replacement (wood)
Job cost: $10,708
Return on investment at resale: 73.3%
6. Attic Bedroom
Job cost: $47,919
Return on investment at resale: 72.9%
7. Siding Replacement (vinyl)
Job cost: $11,192
Return on investment at resale: 72.9%
8. Window Replacement (vinyl)
Job cost: $9,770
Return on investment at resale: 71.2%
9. Basement Remodel
Job cost: $61,303
Return on investment at resale: 70.3%
10. Major Kitchen Remodel
Job cost: $53,931
Return on investment at resale: 68.9%
We invite you to read some additional tips we have for all of our home sellers to help you in this process. Contact the Angels RE Group to start your information gathering and home buying adventure. You can reach us by phone at 602-206-8270 or email at info@AngelsRE.com.
