Can You Recoup the Money You Invest in Remodeling?

Being in the home improvement industry, I continually educate myself on remodeling statistics.   I pay a lot of attention to Hanley Wood's Cost vs. Value Report that is published annually.  This report compares the cost of home improvement projects with the resale value you would get if you sold your home.  They've published this for over 20 years and are market specific.  Here are the statistics for the Minneapolis area. 

Job Cost

Resale Value

Cost Recouped

Project

$47,931

$31,201

65.1%

Attic Bedroom

$13,969

$6,715

48.1%

Backup Power Generator

$60,436

$39,431

65.2%

Basement Remodel

$37,567

$20,681

55.0%

Bathroom Addition

$15,753

$10,211

64.8%

Bathroom Remodel

$15,154

$10,465

69.1%

Deck Addition (composite)

$10,378

$7,902

76.1%

Deck Addition (wood)

$80,624

$49,215

61.0%

Family Room Addition

$55,907

$34,759

62.2%

Garage Addition

$28,054

$14,224

50.7%

Home Office Remodel

$56,307

$40,944

72.7%

Major Kitchen Remodel

$100,552

$60,525

60.2%

Master Suite Addition

$21,185

$15,528

73.3%

Minor Kitchen Remodel

$18,176

$10,256

56.4%

Roofing Replacement

$10,027

$7,449

74.3%

Siding Replacement (vinyl)

$71,173

$39,657

55.7%

Sunroom Addition

$145,632

$94,414

64.8%

Two-Story Addition

$10,518

$7,421

70.6%

Window Replacement (vinyl)

$11,518

$8,246

71.6%

Window Replacement (wood)

Jeri Pischke, Tender Heart Transitions – Email – Website

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