Remodeling can be an expensive and time consuming endeavor. If you have plans to remodel and resell, the 2015 Cost vs. Value Report makes it easy to see what projects are worthwhile and worth major value.
The 2015 Cost Vs. Value Report ranks projects based on their return on investment once a house is put back on the market. Replacement jobs still add more value and return on investment than major remodeling jobs such as gourmet kitchens or the addition of a new garage. In fact, replacing a front door with a higher-end steel one recoups 101.8% of upfront costs… pretty impressive for such a simple switch. Remodeling’s analysis of the 2015 Cost Vs. Value Report states that “Three of the four projects that cost less than $5,000 for a pro to do were ranked in the top five for cost recouped”.
This is good news for potential sellers looking to make modest improvements for maximum value. Use our list above to figure out which projects are worth your time and money- right now and when it’s time to sell.