According to the 2020 Remodeling Cost vs Value report, average cost of projects in Minneapolis-St. Paul went up only 4.0% over last year… but the return dropped 9.7%. Average return for all 22 projects on the list was 56.8% for Minneapolis-St. Paul, while 66.5% nationwide.
With an average return when you sell of only a little over 50% of your cost, make improvements before you plan to move so you have time to also enjoy them yourself. Don’t forget that the biggest return is your enjoyment from living in a home you love!
MINNEAPOLIS-ST. PAUL Remodeling ROI – Cost vs Value 2020
The list of 22 projects below gives the average cost of each project in Minneapolis-St. Paul, and is ordered from highest to lowest return on investment. Garage door replacement again gives the highest return.
- Garage door replacement – $3,911 – 96.1%
- Siding replacement ( fiber-cement) – $19,964 – 68.5%
- Manufactured stone veneer – $10,777 – 67.6%
- Entry door replacement (steel) – $2,023 – 67.2%
- Window replacement (vinyl) – $19,139 – 65.4%
- Window replacement (wood) – $22,829 – 63.1%
- Minor kitchen remodel (midrange) – $26,666 – 61.9%
- Deck addition (wood) – $16,567 – 59.7%
- Deck addition (composite) – $22,180 – 58.5%
- Siding replacement (vinyl) – $16,880 – 56.4%
- Roofing replacement (metal) – $50,657 – 54.6%
- Roofing replacement (asphalt shingles) – $33,221 – 52.6%
- Grand entrance (fiberglass) – $9,897 – 51.9%
- Bath remodel (midrange) – $24,548 – 51.4%
- Bathroom addition (midrange) – $57,155 – 49.9%
- Bathroom remodel (upscale) – $75,168 – 47.7%
- Bath remodel (universal design) – $40,222 – 47.1%
- Bathroom addition (upscale) – $103,028 – 46.9%
- Major kitchen remodel (midrange) – $74,311 – 46.9%
- Master suite addition (midrange) – $154,588 – 46.7%
- Major kitchen remodel (upscale) – $146,702 – 46.1%
- Master suite addition (upscale) – $317,084 – 43.4%
