{"id":14713,"date":"2020-02-08T15:15:00","date_gmt":"2020-02-08T23:15:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=14713"},"modified":"2020-01-30T10:22:53","modified_gmt":"2020-01-30T18:22:53","slug":"2020-home-improvement-projects-cost-vs-roi-report","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2020\/02\/2020-home-improvement-projects-cost-vs-roi-report\/","title":{"rendered":"2020 Home Improvement Projects Cost vs. ROI Report"},"content":{"rendered":"<p style=\"text-align: justify;\">Curb appeal really does have a major impact on the return you&#8217;ll see at resale. Among the top 10 home improvement projects with the highest return on investment (ROI) in Remodeling magazine&#8217;s newly-released Cost vs. Value Report, nine are outdoor projects.<\/p>\n<p style=\"text-align: justify;\">Topping this year&#8217;s list is Manufactured Stone Veneer, a project that has consistently ranked toward the top of the list since the project was added to the report in 2015.<\/p>\n<p style=\"text-align: justify;\">Unsurprisingly, the report shows an increase in cost for all 22 projects listed; however, there is also a consistent dip across the board in terms of what the perceived value of each of these projects is. This is likely due to a market that was anything but smooth in 2019.<\/p>\n<p style=\"text-align: justify;\">&#8220;Why the difference? The most likely answer is consumer jitters,&#8221; says Clay DeKorne, chief editor of the JLC Group, which includes Remodeling magazine. &#8220;While remodeling professionals need to stay on point, they can breathe easy. Remodeling activity is growing at a slower rate than in years past, but it continues to grow.&#8221;<\/p>\n<p style=\"text-align: justify;\">Nationally, here are the 10 projects with the greatest ROI, according to the 2020 Cost vs. Value Report :<\/p>\n<p style=\"text-align: justify;\">Manufactured Stone Veneer (95.6% ROI)<br \/>\n\u2022 Average Cost : $9,357<br \/>\n\u2022 Average Resale Value : $8,943<\/p>\n<p style=\"text-align: justify;\">Garage Door Replacement (94.5% ROI)<br \/>\n\u2022 Average Cost : $3,695<br \/>\n\u2022 Average Resale Value : $3,491<\/p>\n<p style=\"text-align: justify;\">Minor Kitchen Remodel (Midrange) (77.6% ROI)<br \/>\n\u2022 Average Cost : $23,452<br \/>\n\u2022 Average Resale Value : $18,206<\/p>\n<p style=\"text-align: justify;\">Siding Replacement (Fiber-Cement) (77.6% ROI)<br \/>\n\u2022 Average Cost : $17,008<br \/>\n\u2022 Average Resale Value : $13,195<\/p>\n<p style=\"text-align: justify;\">Siding Replacement (Vinyl) (74.7% ROI)<br \/>\n\u2022 Average Cost : $14,359<br \/>\n\u2022 Average Resale Value : $10,731<\/p>\n<p style=\"text-align: justify;\">Window Replacement (Vinyl) (72.3% ROI)<br \/>\n\u2022 Average Cost : $17,641<br \/>\n\u2022 Average Resale Value : $12,761<\/p>\n<p style=\"text-align: justify;\">Deck Addition (Wood) (72.1% ROI)<br \/>\n\u2022 Average Cost : $14,360<br \/>\n\u2022 Average Resale Value : $10,355<\/p>\n<p style=\"text-align: justify;\">Window Replacement (Wood) (68.9% ROI)<br \/>\n\u2022 Average Cost : $21,495<br \/>\n\u2022 Average Resale Value : $14,804<\/p>\n<p style=\"text-align: justify;\">Entry Door Replacement (Steel) (68.8% ROI)<br \/>\n\u2022 Average Cost : $1,881<br \/>\n\u2022 Average Resale Value : $1,294<\/p>\n<p style=\"text-align: justify;\">Deck Addition (Composite) (66.8% ROI)<br \/>\n\u2022 Average Cost : $19,856<br \/>\n\u2022 Average Resale Value : $13,257<\/p>\n<p style=\"text-align: justify;\">Nationally\u2014and on the other end of the spectrum\u2014here are the 10 projects with the lowest ROI :<\/p>\n<p style=\"text-align: justify;\">Master Suite Addition (Upscale) (51.6% ROI)<br \/>\n\u2022 Average Cost : $282,062<br \/>\n\u2022 Average Resale Value : $145,486<\/p>\n<p style=\"text-align: justify;\">Grand Entrance (Fiberglass) (53.3% ROI)<br \/>\n\u2022 Average Cost : $9,254<br \/>\n\u2022 Average Resale Value : $4,930<\/p>\n<p style=\"text-align: justify;\">Major Kitchen Remodel (Upscale) (53.9% ROI)<br \/>\n\u2022 Average Cost : $135,547<br \/>\n\u2022 Average Resale Value : $72,993<\/p>\n<p style=\"text-align: justify;\">Bathroom Addition (Midrange) (54% ROI)<br \/>\n\u2022 Average Cost : $49,598<br \/>\n\u2022 Average Resale Value : $26,807<\/p>\n<p style=\"text-align: justify;\">Bathroom Addition (Upscale) (54.7% ROI)<br \/>\n\u2022 Average Cost : $91,287<br \/>\n\u2022Average Resale Value : $49,961<\/p>\n<p style=\"text-align: justify;\">Bath Remodel (Upscale) (56.6% ROI)<br \/>\n\u2022 Average Cost : $67,106<br \/>\n\u2022 Average Resale Value : $37,995<\/p>\n<p style=\"text-align: justify;\">Master Suite Addition (Midrange) (58.5% ROI)<br \/>\n\u2022 Average Cost : $136,739<br \/>\n\u2022 Average Resale Value : $80,029<\/p>\n<p style=\"text-align: justify;\">Major Kitchen Remodel (Midrange) (58.6% ROI)<br \/>\n\u2022 Average Cost : $68,490<br \/>\n\u2022 Average Resale Value : $40,127<\/p>\n<p style=\"text-align: justify;\">Roofing Replacement (Metal) (61.2% ROI)<br \/>\n\u2022 Average Cost : $40,318<br \/>\n\u2022 Average Resale Value : $24,682<\/p>\n<p style=\"text-align: justify;\">Bathroom Remodel (Universal Design) (62% ROI)<br \/>\n\u2022 Average Cost : $34,643<br \/>\n\u2022 Average Resale Value : $21,463<\/p>\n<p style=\"text-align: justify;\">The 2020 Cost vs. Value Report compared the average costs for 22 popular remodeling projects and how much of that value they retained in 101 different US housing markets. View the full report, including project descriptions and city-level data, <a href=\"https:\/\/www.remodeling.hw.net\/cost-vs-value\/2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/blog.rismedia.com\/2020\/cost-vs-value-home-improvement\/\" target=\"_blank\" rel=\"noopener noreferrer\">Cost vs. Value : 2020 Home Improvement Projects with The Highest ROI<\/a> by Jameson Doris | RISMedia housecall<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Curb appeal really does have a major impact on the return you&#8217;ll see at resale. Among the top 10 home improvement projects with the highest return on investment (ROI) in &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2020\/02\/2020-home-improvement-projects-cost-vs-roi-report\/\">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-14713","post","type-post","status-publish","format-standard","hentry","category-home-lifestyle"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2020 Home Improvement Projects Cost vs. ROI Report &#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\/2020\/02\/2020-home-improvement-projects-cost-vs-roi-report\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"2020 Home Improvement Projects Cost vs. ROI Report &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Curb appeal really does have a major impact on the return you&#8217;ll see at resale. 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