Have you ever thought - if I remodeled...will I get any return on the improvements? We all know that one of the most important thing is, are you going to stay in the home long enough to enjoy it? If the answer is yes - than it does make a huge difference! Otherwise the answer depends on the project. As we have heard over the years, that if you do upgrading to kitchen and baths that it has the most payback. Many times that is so true because those tend to be very important rooms in the house!
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2021 National Average:
| Manufactured Stone Veneer |
$10,072 $10,386 |
$9,481 $9,571 |
94.1% 92.1% |
| Garage Door replacement |
$3,799 $3,907 |
$3,492 $3,663 |
91.9% 93.8% |
| Minor Kitchen Remodel | Midrange |
$25,009 $26,214 |
$17,351 $18,927 |
69.4% 72.2% |
| Siding Replacement | Fiber-Cement |
$18,414 $19,626 |
$11,891 $13,618 |
64.6% 69.4% |
| Entry Door Replacement | Steel |
$1,990 $2,082 |
$1,278 $1,353 |
64.2% 65.0% |
| Window Replacement | Vinyl |
$18,460 $19,385 |
$10,868 $13,297 |
58.9% 68.6% |
| Window Replacement | Wood |
$22,280 $23,219 |
$12,686 $15,644 |
56.9% 67.4% |
| Major Kitchen Remodel | Midrange |
$72,228 $75,571 |
$39,139 $43,364 |
54.2% 57.4% |
| Bath Remodel | Universal Design |
$36,824 $38,813 |
$19,632 $22,475 |
53.3% 57.9% |
| Deck Addition | Wood |
$15,622 $16,766 |
$8,304 $11,038 |
53.2% 65.8% |
| Grand Entrance | Fiberglass |
$9,629 $10,044 |
$5,110 $6,116 |
53.1% 60.9% |
| Siding Replacement | Vinyl |
$15,538 $16,576 |
$8,257 $11,315 |
53.1% 68.3% |
| Bath Remodel | Midrange |
$23,071 $24,424 |
$12,126 $14,671 |
52.6% 60.1% |
| Bathroom Addition | Upscale |
$97,887 $103,613 |
$51,137 $54,701 |
52.2% 52.8% |
| Major Kitchen Remodel | Upscale |
$142,342 $149,079 |
$74,226 $80,284 |
52.1% 53.9% |
| Roofing Replacement | Asphalt Shingles |
$26,631 $28,256 |
$13,713 $17,147 |
51.5% 60.7% |
| Deck Addition | Composite |
$21,104 $22,426 |
$10,850 $14,169 |
51.4% 63.2% |
| Bathroom Addition | Midrange |
$54,004 $56,946 |
$27,614 $30,237 |
51.1% 53.1% |
| Bath Remodel | Upscale |
$71,844 $75,692 |
$36,312 $41,473 |
50.5% 54.8% |
| Roofing Replacement | Metal |
$43,559 $46,031 |
$21,545 $25,816 |
49.5% 56.1% |
| Master Suite Addition | Midrange |
$147,824 $156,741 |
$71,398 $85,672 |
48.3% 54.7% |
| Master Suite Addition | Upscale |
$303,689 $320,976 |
$128,018 $152,996 |
42.2% 47.7% |
2020 NATIONAL AVERAGES
| PROJECT |
JOB COST |
RESALE VALUE |
COST RECOUPED |
CHANGE VS 2019 |
| Manufactured Stone Veneer |
$9,357 |
$8,943 |
95.6% |
 |
| Garage Door Replacement |
$3,695 |
$3,491 |
94.5% |
 |
| MIDRANGE Minor Kitchen Remodel |
$23,452 |
$18,206 |
77.6% |
|
| Siding Replacement | Fiber-Cement |
$17,008 |
$13,195 |
77.6% |
– |
| Siding Replacement | Vinyl |
$14,359 |
$10,731 |
74.7% |
– |
| Window Replacement | Vinyl |
$17,641 |
$12,76 |
72.3% |
|
| Deck Addition | Wood |
$14,360 |
$10,355 |
72.1% |
|
| Window Replacement | Wood |
$21,495 |
$14,804 |
68.9% |
|
| Entry Door Replacement | Steel |
$1,881 |
$1,294 |
68.8% |
|
| Deck Addition | Composite |
$19,856 |
$13,257 |
66.8% |
|
| Roofing Replacement | Asphalt Shingles |
$24,700 |
$16,287 |
65.9% |
|
| MIDRANGE Bath Remodel |
$21,377 |
$13,68 |
64.0% |
|
| Bath Remodel | Universal Design |
$34,643 |
$21,463 |
62.0% |
|
| Roofing Replacement | Metal |
$40,318 |
$24,682 |
61.2% |
|
| MIDRANGE Major Kitchen Remodel |
$136,739 |
$80,029 |
58.5% |
|
| UPSCALE Bath Remodel |
$67,106 |
$37,995 |
56.6% |
|
| UPSCALE Bathroom Addition |
$91,287 |
$49,961 |
54.7% |
|
| MIDRANGE Bathroom Addition |
$49,598 |
$26,807 |
54.0% |
|
| UPSCALE Major Kitchen Remodel |
$135,547 |
$72,993 |
53.9% |
|
| Grand Entrance | Fiberglass |
$9,254 |
$4,930 |
53.3% |
|
| UPSCALE Master Suite Addition |
$282,062 |
$145,486 |
51.6% |
|
