If you search you will find a multitude of lists with cost vs. value. In these lists you will see that there are a couple of small projects that get near full or better returns. Such as replacing an entry door or garage door. But this can be misleading as they are also pretty minimal in cost, averaging $2,000. Where the average mid range full kitchen remodel is $58,367.
So what mid range high dollar remodeling projects get the best return on your investment? Here is a list of the top 5 based on the national average.
#1 Minor Kitchen Remodel. Cost $21,450 rate of return 72.8%
#2 Replacement Windows. Cost $12,027 rate of return 72.4%
#3 Siding Replacement, (Vinyl) Cost $11,357 rate of return 72.4%
#4 Attic to Bedroom Conversion With Bathroom. Cost $51,428 rate of return 72.2%
#5 Basement Remodel to Finished Space. Cost $64,519 rate of return 70.0%
You are probably wondering where the bathroom remodel is. That would be $16,600 with a return of 64.1% and a bathroom addition is $40,700 with a return of 53.3% However......if you have a 3 bedroom home with only one full bath you may find that a bathroom addition will give you a little higher return. The best thing a bathroom addition will do is add salability and buyer appeal.
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