Have you ever thought, if I remodeled...will I get any return on the improvements? We all know that one of the most important factors is whether you're going to stay in the home long enough to enjoy it? If the answer is yes, then 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!
In the 2022 Cost vs Value Report that came out in the Remodeling Magazine, it shows in regional sections of the country, 35 different remodeling projects what the projected costs are along with the potential resale value and cost percentage that could be recouped from the upgrade. It was interesting data that came from it!
2024__Consumer_kansascitymo2024 Cost vs Value Remodeling Report for KC
specific to our Kansas City metro area.
Click on the above Link to get your Cost vs Value Report TODAY!
WEST NORTH CENTRAL - 2024 NATIONAL AVERAGES
2022 ReModeling Report:
|
PROJECT
|
JOB COST
|
RESALE VALUE
|
COST RECOUPED
|
|---|---|---|---|
| Manufactured Stone Veneer | $10,537 $11,066 | $9,859 $10,109 | 93.6% 91.4% |
| Garage Door Replacement | $3,910 $4,041 | $3,560 $3,769 | 91.0% 93.3% |
| Minor Kitchen Remodel | Midrange | $26,363 $28,279 | $18,000 $20,125 | 68.3% 71.2% |
| Siding Replacement | Fiber-Cement | $20,051 $22,093 | $12,772 $15,090 | 63.7% 68.3% |
| Entry Door Replacement | Steel | $2,074 $2,206 | $1,307 $1,409 | 63.0% 63.8% |
| Window Replacement | Vinyl | $19,196 $20,482 | $11,084 $13,822 | 57.7% 67.5% |
| Window Replacement | Wood | $23,072 $24,388 | $12,872 $16,160 | 55.8% 66.3% |
| Major Kitchen Remodel | Midrange | $75,718 $80,809 | $40,009 $45,370 | 52.8% 56.1% |
| Deck Addition | Wood | $17,321 $19,248 | $9,034 $12,464 | 52.2% 64.8% |
| Bath Remodel | Universal Design | $38,978 $42,105 | $20,278 $23,869 | 52.0% 56.7% |
| Grand Entrance | Fiberglass | $9,976 $10,556 | $5,173 $6,305 | 51.9% 59.7% |
| Siding Replacement | Vinyl | $16,913 $18,662 | $8,770 $12,541 | 51.9% 67.2% |
| Bath Remodel | Midrange | $24,865 $27,164 | $12,722 $15,990 | 51.2% 58.9% |
| Bathroom Addition | Upscale | $105,105 $114,773 | $53,560 $59,136 | 51.0% 51.5% |
| Major Kitchen Remodel | Upscale | $148,368 $158,015 | $75,328 $83,025 | 50.8% 52.5% |
| Deck Addition | Composite | $22,554 $24,677 | $11,339 $15,315 | 50.3% 62.1% |
| Roofing Replacement | Asphalt Shingles | $28,853 $31,535 | $14,525 $18,780 | 50.3% 59.6% |
| Bathroom Addition | Midrange | $58,694 $63,986 | $29,191 $33,160 | 49.7% 51.8% |
| Bath Remodel | Upscale | $76,473 $82,882 | $37,684 $44,363 | 49.3% 53.5% |
| Roofing Replacement | Metal | $47,291 $51,436 | $22,858 $28,196 | 48.3% 54.8% |
| Master Suite Addition | Midrange | $160,249 $175,473 | $75,576 $93,762 | 47.2% 53.4% |
| Master Suite Addition | Upscale | $326,928 $356,945 | $133,530 $165,359 | 40.8% 46.3% |
2021 National Average:
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% |
2019 NATIONAL AVERAGES
| PROJECT | JOB COST | RESALE VALUE | COST RECOUPED | |
| MIDRANGE Backyard Patio | $56,906 | $31,430 | 55.2% | |
| MIDRANGE Bathroom Addition | $47,427 | $28,726 | 60.6% | |
| UPSCALE Bathroom Addition | $87,704 | $51,000 | 58.1% | |
| MIDRANGE Bathroom Remodel | $20,420 | $13,717 | 67.2% | |
| UPSCALE Bathroom Remodel | $64,743 | $38,952 | 60.2% | |
| MIDRANGE Deck Addition (Composite) | $19,150 | $13,232 | 69.1% | |
| MIDRANGE Deck Addition (Wood) | $13,333 | $10,083 | 75.6% | |
| MIDRANGE Entry Door Replacement (Steel) | $1,826 | $1,368 | 74.9% | |
| UPSCALE Garage Door Replacement | $3,611 | $3,520 | 97.5% | |
| UPSCALE Grand Entrance (Fiberglass) | $8,994 | $6,469 | 71.9% | |
| MIDRANGE Major Kitchen Remodel | $66,196 | $41,133 | 62.1% | |
| UPSCALE Major Kitchen Remodel | $131,510 | $78,524 | 59.7% | |
| MIDRANGE Manufactured Stone Veneer | $8,907 | $8,449 | 94.9% | |
| MIDRANGE Master Suite Addition | $130,986 | $77,785 | 59.4% | |
| UPSCALE Master Suite Addition | $271,470 | $136,820 | 50.4% | |
| MIDRANGE Minor Kitchen Remodel | $22,507 | $18,123 | 80.5% | |
| MIDRANGE Roofing Replacement (Asphalt Shingles) | $22,636 | $15,427 | 68.2% | |
| MIDRANGE Roofing Replacement (Metal) | $38,600 | $23,526 | 60.9% | – |
| MIDRANGE Siding Replacement | $16,036 | $12,119 | 75.6% | |
| MIDRANGE Universal Design Bathroom Remodel | $33,374 | $20,868 | 62.5% | |
| UPSCALE Window Replacement (Vinyl) | $16,802 | $12,332 | 73.4% | |
| UPSCALE Window Replacement (Wood) | $20,526 | $14,530 | 70.8% |
2018 NATIONAL AVERAGES
| PROJECT | JOB COST | RESALE VALUE | COST RECOUPeD | CHANGE VS 201 |
| MIDRANGEBackyard Patio | $55,473 | $23,565 | 42.4% | |
| MIDRANGEBathroom Addition | $45,646 | $23,914 | 52.6% | |
| MIDRANGEBathroom Remodel | $19,510 | $11,522 | 59.2% | |
| UPSCALEBathroom Remodel | $62,169 | $34,668 | 56.1% | |
| MIDRANGEDeck Addition | Composite | $17,749 | $10,625 | 60.0% | |
| MIDRANGEDeck Addition | Wood | $10,910 | $7,885 | 72.3% | |
| MIDRANGEEntry Door Replacement | Steel | $1,887 | $1,337 | 70.9% | |
| UPSCALEGarage Door Replacement | $3,457 | $2,856 | 82.4% | |
| UPSCALE Grand Entrance | Fiberglass | $8,601 | $5,211 | 60.5% | |
| MIDRANGEMajor Kitchen Remodel | $64,748 | $33,947 | 52.5% | |
| UPSCALEMajor Kitchen Remodel | $126,871 | $62,586 | 49.4% | |
| MIDRANGE Manufactured Veneer | Stone | $8,199 | $6,794 | 82.8% | |
| MIDRANGE Master Suite Addition | $123,843 | $64,947 | 52.7% | |
| UPSCALEMaster Suite Addition | $257,265 | $117,899 | 46.0% | |
| MIDRANGE Minor Kitchen Remodel | $21,455 | $14,532 | 67.6% | |
| MIDRANGE Roofing Replacement | $21,512 | $12,335 | 57.6% | |
| MIDRANGE Siding Replacement | $15,234 | $11,006 | 72.1% | |
| MIDRANGE Universal Bathroom Design | $16,961 | $10,362 | 61.2% | |
| UPSCALE Window Replacement | Vinly | $15,959 | $11,096 | 69.6% | |
| UPSCALEWindow Replacement | Wood | $19,258 | $12,045 | 62.5% | |