10 Home Improvement Projects With The Highest Return On Investment

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Are you planning a home remodel? Or looking to sell in the coming years? Make the most of every dollar spent by tackling these projects that increase your home’s value.

When remodeling, some projects increase your home’s resale value more than others. If you’re wondering where you should spend your money, our data will help you decide by breaking down which projects offer the highest return on investment (ROI).

Using the Remodeling 2020 Cost vs. Value Report combined with our years of real estate experience, we’ve taken a look at the California averages for job cost, resale value and cost recouped on some mid-range home improvement projects. Seeing the most cost-effective ones can help you prioritize which renovation to tackle next.

While these are just a few select examples of some of the changes you might make, these figures should give you a good price estimate for future projects as well as a sense of the potential return on investment. 

1. Add Manufactured Stone Veneer

Remove existing vinyl siding from the street-facing façade and replace it with adhered manufactured stone veneer, outlining the entry archway.

Job Cost

$10,175

Resale Value

$12,157

Cost Recouped

119.5%

2. Garage Door Replacement

Remove and dispose of existing 16×7-foot garage door and tracks and install new four-section garage door on new heavy-duty galvanized steel tracks while reusing existing motorized opener. New door has a lifetime warranty.

Job Cost

$3,874

Resale Value

$4,537

Cost Recouped

117.1%

3. Entry Door Replacement | Steel

Remove existing entry door and jambs and replace with new 20-gauge steel unit, including a clear, dual-pane half-glass panel, jambs, and aluminum threshold with composite stop. Replace existing lockset.

Job Cost

$2,048

Resale Value

$1,801

Cost Recouped

87.9%

4. Minor Kitchen Remodel | Midrange

In functional, but dated kitchen with cabinetry and countertops, leave cabinet boxes in place, but replace fronts with new shaker-style wood panels and drawer fronts, including new hardware. Replace cooktop/oven range and slide-in refrigerator with new energy-efficient models. Replace laminate countertops; install mid-priced sink and faucet. Add new resilient flooring. Finish with painted walls, trim, and ceiling.

Job Cost

$26,150

Resale Value

$22,657

Cost Recouped

86.6%

5. Siding Replacement | Fiber-Cement

Replace existing siding with new fiber-cement siding, factory primed and factory painted. Include all trim using either fiber-cement boards or cellular PVC.

Job Cost

$20,064

Resale Value

$15,647

Cost Recouped

77.9%

6. Deck Addition | Wood

Add deck using pressure-treated joists supported by posts anchored to concrete piers. Include built-in bench and planter of the same decking material. Include stairs, assuming three steps to grade. Provide a complete railing system using pressure-treated wood posts, railings, and balusters.

Job Cost

$18,059

Resale Value

$13,924

Cost Recouped

77.1%

7. Roofing Replacement | Asphalt Shingles

Remove and dispose of existing roofing to bare wood sheathing. Install fiberglass asphalt shingles with new underlayment, galvanized drip edge, and mill-finish aluminum flashing. Assume a rectangular hip roof; custom flashing at two average-size skylights; and custom cap treatment at vented ridge.

Job Cost

$27,769

Resale Value

$20,902

Cost Recouped

75.3%

8. Siding Replacement | Vinyl

Replace 1,250 square feet of existing siding with new vinyl siding installed to the manufacturer’s specifications. Include factory trim at all openings and corners. Care should be taken to ensure a continuous water-resistive barrier (WRB), such as house wrap, beneath the siding. 

Job Cost

$16,937

Resale Value

$12,687

Cost Recouped

74.9%

9. Window Replacement | Vinyl

Replace 10 existing 3×5-foot double-hung windows with insulated vinyl windows with a custom-color exterior finish. Trim exterior to match existing; do not disturb existing interior trim.

Job Cost

$19,184

Resale Value

$14,296

Cost Recouped

74.5%

10. Window Replacement | Wood

Replace 10 existing 3×5-foot double-hung windows with insulated wood windows. Interior finish of stained hardwood; exterior finish of custom-color aluminum cladding. Trim exterior to match existing; do not disturb existing interior trim.

Job Cost

$22,976

Resale Value

$16,750

Cost Recouped

72.9%

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