Top 5 Cost-Effective Home Improvement Projects - Real Estate Blog - CENTURY 21 First Canadian Corp.

Top 5 Cost-Effective Home Improvement Projects

 

Top 5 Cost-Effective Home Improvement Projects

Five mid-range projects with the highest returns at resale, according to Remodeling's 2014 Cost vs. Value report.

Remodeling's annual Cost vs. Value report compares average costs for 35 popular remodeling projects with the value those projects retain at resale in 101 U.S. cities. The "mid-range" projects category consists of 22 projects, while the "upscale" projects category consists of 13.

We've broken down the mid-range project category to designate the top 5 cost-effective home improvement projects, and the average cost of each. These projects will give you the most bang for your buck at resale:

  1. Entry door replacement (steel)
    - Return: 96.6%
    - Average cost: $1,162
  2. Deck addition (wood)
    - Return: 87.4%
    - Average cost: $9,539
  3. Attic Bedroom
    - Return: 84.3%
    - Average cost: $49,438
  4. Garage door replacement
    - Return: 83.7%
    - Average cost: $1,534
  5. Minor kitchen remodel
    - Return: 82.7%
    - Average cost: $18,856

Check out each project's breakdown to see how the cost and value have changed over the years, and to see interactive examples. Our chart below displays how the top 5 projects in the mid-range index have varied over the past four years.

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