The Renovations That Will Pay Off the Most for Your Home in 2017
New year, new home improvement projects? Whether you’re dying to update your kitchen, add a half-bath, or kick back on a brand-new deck, it pays off big-time knowing just what kind of return on investment your dream renovation might deliver. And you’re in luck, because Remodeling magazine has just released its annual Cost vs. Value report, which analyzes what you’ll pay for various upgrades—and how much you’ll recoup on that investment when you sell your home.
Nationwide: Mountain Zone:
| PROJECT | JOB COST |
RESALE VALUE | COST RECOUPED | JOB COST |
RESALE VALUE | COST RECOUPED |
| Attic Insulation (fiberglass) | $1,343 | $1,446 | 107.7% | $1,320 | $1,233 | 93.4% |
| Backup Power Generator | $12,860 | $6,940 | 54.0% | $12,573 | $6,244 | 49.7% |
| Backyard Patio | $51,985 | $28,546 | 54.9% | $50,321 | $29,558 | 58.7% |
| Basement Remodel | $71,115 | $49,768 | 70.0% | $67,874 | $48,387 | 71.3% |
| Bathroom Addition | $43,232 | $23,283 | 53.9% | $41,510 | $21,854 | 52.6% |
| Bathroom Remodel | $18,546 | $12,024 | 64.8% | $17,877 | $11,066 | 61.9% |
| Deck Addition (composite) | $17,249 | $11,252 | 65.2% | $16,811 | $11,215 | 66.7% |
| Deck Addition (wood) | $10,707 | $7,652 | 71.5% | $10,263 | $8,355 | 81.4% |
| Entry Door Replacement (steel) | $1,413 | $1,282 | 90.7% | $1,397 | $1,060 | 75.9% |
| Family Room Addition | $89,566 | $62,055 | 69.3% | $86,312 | $60,169 | 69.7% |
| Garage Door Replacement | $1,749 | $1,345 | 76.9% | $1,690 | $1,309 | 77.5% |
| Major Kitchen Remodel | $62,158 | $40,560 | 65.3% | $60,537 | $39,972 | 66.0% |
| Manufactured Stone Veneer | $7,851 | $7,019 | 89.4% | $7,803 | $5,807 | 74.4% |
| Master Suite Addition | $119,533 | $77,506 | 64.8% | $115,468 | $75,648 | 65.5% |
| Minor Kitchen Remodel | $20,830 | $16,699 | 80.2% | $20,173 | $16,091 | 79.8% |
| Roofing Replacement | $20,664 | $14,214 | 68.8% | $19,806 | $14,458 | 73.0% |
| Siding Replacement | $14,518 | $11,093 | 76.4% | $14,001 | $10,315 | 73.7% |
| Two-Story Addition | $176,108 | $125,222 | 71.1% | $171,036 | $127,932 | 74.8% |
| Universal Design Bathroom | $15,730 | $10,766 | 68.4% | $14,956 | $9,876 | 66.0% |
If you are wondering if you should renovate your home, give us a call. Our experienced team will advise you specifically for your home, your neighborhood and your needs. We help people, that’s our business. Call us at Amoré Realty (970) 963-5177.
