Does being cooped up inside find you dreaming about home renovations? 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 and the average percent return of that cost when you sell for Minneapolis-St. Paul. It is ordered from highest to lowest return on investment. Garage door replacement again gives the highest return.
Don’t just consider price when thinking about renovations prior to selling… renovations can also make your home more attractive to buyers, resulting in a quicker sale with potential competitive bids.
- 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%
