{"id":11515,"date":"2019-01-29T15:15:22","date_gmt":"2019-01-29T23:15:22","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=11515"},"modified":"2019-01-29T15:33:48","modified_gmt":"2019-01-29T23:33:48","slug":"the-home-improvement-projects-with-the-highest-roi-in-2019","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/01\/the-home-improvement-projects-with-the-highest-roi-in-2019\/","title":{"rendered":"The Home Improvement Projects with The Highest ROI in 2019"},"content":{"rendered":"<p style=\"text-align: justify;\">Remodelers across the country took a hit last summer as the cost of building materials spiked dramatically, and the picture for 2019 isn&#8217;t much rosier. The percentage of return on investment (ROI) is projected to trend downward for all the replacement projects listed in Remodeling magazine&#8217;s newly-released <a href=\"https:\/\/www.remodeling.hw.net\/cost-vs-value\/2019\/\">Cost vs. Value Report<\/a>.<\/p>\n<p style=\"text-align: justify;\">Larger indoor remodel projects took a hit as well, but weren&#8217;t impacted as greatly as replacement projects as they rely more on labor costs rather than material costs.<\/p>\n<p style=\"text-align: justify;\">&#8220;With the increasing costs of building materials and labor, we urge remodelers to think like real estate professionals first,\u201d says Clayton DeKorne, editor-in-chief of Remodeling Magazine. &#8220;When you adjust your focus to think like a broker first, you can dull clients\u2019 No. 1 pain point\u2014cost\u2014with a discussion of the amount that can be recouped.&#8221;<\/p>\n<p style=\"text-align: justify;\">Nationally, here are the five projects with the greatest ROI in the report&#8217;s mid-range cost category :<\/p>\n<p style=\"text-align: justify;\">Manufactured Stone Veneer (94.9% ROI)<br \/>\n\u2022 Average Cost: $8,907<br \/>\n\u2022 Average Resale Value: $8,449<\/p>\n<p style=\"text-align: justify;\">Minor Kitchen Remodel (80.5% ROI)<br \/>\n\u2022 Average Cost: $22,507<br \/>\n\u2022 Average Resale Value: $18,123<\/p>\n<p style=\"text-align: justify;\">Deck Addition (Wood) (75.6% ROI)<br \/>\n\u2022 Average Cost: $13,333<br \/>\n\u2022 Average Resale Value: $10,083<\/p>\n<p style=\"text-align: justify;\">Siding Replacement (75.6% ROI)<br \/>\n\u2022 Average Cost: $16,036<br \/>\n\u2022 Average Resale Value: $12,119<\/p>\n<p style=\"text-align: justify;\">Entry Door Replacement (Steel) (74.9% ROI)<br \/>\n\u2022 Average Cost: $1,826<br \/>\n\u2022 Average Resale Value: $1,368<\/p>\n<p style=\"text-align: justify;\">And the five projects with the greatest ROI in the report&#8217;s upscale cost category are :<\/p>\n<p style=\"text-align: justify;\">Garage Door Replacement (97.5% ROI)<br \/>\n\u2022 Average Cost: $3,611<br \/>\n\u2022 Average Resale Value: $3,520<\/p>\n<p style=\"text-align: justify;\">Window Replacement (Vinyl) (73.4% ROI)<br \/>\n\u2022 Average Cost: $16,802<br \/>\n\u2022 Average Resale Value: $12,332<\/p>\n<p style=\"text-align: justify;\">Grand Entrance (Fiberglass) (71.9% ROI)<br \/>\n\u2022 Average Cost: $8,994<br \/>\n\u2022 Average Resale Value: $6,469<\/p>\n<p style=\"text-align: justify;\">Window Replacement (Wood) (70.8% ROI)<br \/>\n\u2022 Average Cost: $20,526<br \/>\n\u2022 Average Resale Value: $14,530<\/p>\n<p style=\"text-align: justify;\">Bathroom Remodel (60.2% ROI)<br \/>\n\u2022 Average Cost: $64,743<br \/>\n\u2022 Average Resale Value: $38,952<\/p>\n<p style=\"text-align: justify;\">Nationally\u2014and on the other end of the spectrum\u2014here are the five projects with the lowest ROI in the mid-range cost category:<\/p>\n<p style=\"text-align: justify;\">Backyard Patio (55.2% ROI)<br \/>\n\u2022 Average Cost: $56,906<br \/>\n\u2022 Average Resale Value: $31,430<\/p>\n<p style=\"text-align: justify;\">Master Suite Addition (59.4% ROI)<br \/>\n\u2022 Average Cost: $130,986<br \/>\n\u2022 Average Resale Value: $77,785<\/p>\n<p style=\"text-align: justify;\">Bathroom Addition (60.6% ROI)<br \/>\n\u2022 Average Cost: $47,427<br \/>\n\u2022 Average Resale Value: $28,726<\/p>\n<p style=\"text-align: justify;\">Roofing Replacement (Metal) (60.9% ROI)<br \/>\n\u2022 Average Cost: $38,600<br \/>\n\u2022 Average Resale Value: $23,526<\/p>\n<p style=\"text-align: justify;\">Major Kitchen Remodel (62.1% ROI)<br \/>\n\u2022 Average Cost: $66,196<br \/>\n\u2022 Average Resale Value: $41,133<\/p>\n<p style=\"text-align: justify;\">And the five projects with the lowest ROI in the upscale cost category are :<\/p>\n<p style=\"text-align: justify;\">Master Suite Addition (50.4% ROI)<br \/>\n\u2022 Average Cost: $271,470<br \/>\n\u2022 Average Resale Value: $136,820<\/p>\n<p style=\"text-align: justify;\">Bathroom Addition (58.1% ROI)<br \/>\n\u2022 Average Cost: $87,704<br \/>\n\u2022 Average Resale Value: $51,000<\/p>\n<p style=\"text-align: justify;\">Major Kitchen Remodel (59.7% ROI)<br \/>\n\u2022 Average Cost: $131,510<br \/>\n\u2022 Average Resale Value: $78,524<\/p>\n<p style=\"text-align: justify;\">Bathroom Remodel (60.2% ROI)<br \/>\n\u2022 Average Cost: $64,743<br \/>\n\u2022 Average Resale Value: $38,952<\/p>\n<p style=\"text-align: justify;\">Window Replacement (Wood) (70.8% ROI)<br \/>\n\u2022 Average Cost: $20,526<br \/>\n\u2022 Average Resale Value: $14,530<\/p>\n<p style=\"text-align: justify;\">The 2019 Cost vs. Value Report surveyed more than 3,200 real estate professionals about returns for 22 popular renovation projects in 136 different US housing markets\u2014up from 100 markets last year. View the full report, including project descriptions and city-level data, <a href=\"https:\/\/www.remodeling.hw.net\/cost-vs-value\/2019\/\">here<\/a>.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/blog.rismedia.com\/2019\/cost-value-home-improvement-2019\/\">Cost vs Value : The Home Improvement Projects with The Highest ROI in 2019<\/a> by Jameson Doris | RISMedia housecall<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Remodelers across the country took a hit last summer as the cost of building materials spiked dramatically, and the picture for 2019 isn&#8217;t much rosier. The percentage of return on &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/01\/the-home-improvement-projects-with-the-highest-roi-in-2019\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-11515","post","type-post","status-publish","format-standard","hentry","category-home-lifestyle"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Home Improvement Projects with The Highest ROI in 2019 &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2019\/01\/the-home-improvement-projects-with-the-highest-roi-in-2019\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The Home Improvement Projects with The Highest ROI in 2019 &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Remodelers across the country took a hit last summer as the cost of building materials spiked dramatically, and the picture for 2019 isn&#8217;t much rosier. The percentage of return on &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/01\\\/the-home-improvement-projects-with-the-highest-roi-in-2019\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/01\\\/the-home-improvement-projects-with-the-highest-roi-in-2019\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"The Home Improvement Projects with The Highest ROI in 2019\",\"datePublished\":\"2019-01-29T23:15:22+00:00\",\"dateModified\":\"2019-01-29T23:33:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/01\\\/the-home-improvement-projects-with-the-highest-roi-in-2019\\\/\"},\"wordCount\":445,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Home | Lifestyle\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/01\\\/the-home-improvement-projects-with-the-highest-roi-in-2019\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/01\\\/the-home-improvement-projects-with-the-highest-roi-in-2019\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/01\\\/the-home-improvement-projects-with-the-highest-roi-in-2019\\\/\",\"name\":\"The Home Improvement Projects with The Highest ROI in 2019 &#8226; 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