October 4, 2024

home remodeling
home remodeling

Despite a very slight decrease in the resale value of most remodeling projects, new data reveals that the least expensive home improvements may also be the smartest investment.

Results from the 2009 Remodeling Cost vs. Value Report show that small-scale exterior projects have been the most profitable when selling a home. In terms of costs recouped, seven out of the top ten projects were exterior renovations that cost less than $14,000. Only three interior projects – involving the highest costs – made the top-ten list.

Average Investment Cost Recouped
New steel entry door $1,172 128.9%
Fiber-cement siding $13,287 83.9%
Attic bedroom $49,346 83.1%
Wood deck $10,634 80.6%
Vinyl siding $10,607 79.9%
Foam-backed vinyl siding $13,022 79.0%
Minor kitchen remodel $21,411 78.3%
Wood windows (midrange quality) $11,700 77.3%
Vinyl windows (midrange quality) $10,728 76.6%
Basement remodel $62,067 75.4%
Major Kitchen Remodel $57,215 72.1%
Bathroom remodel $16,142 71.0%

As in previous years, the 2009 report shows regional variations in each home improvement’s return-on-investment. Before planning a remodeling project to boost your home’s value, talk with a real estate professional to pinpoint trends in your area.

San Diego downtown homes

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