2016 Remodeling Cost vs. Value Report: The Best Bang for Your Buck

Remodeling your home this year? Expect to yield larger returns on your investment come resale, especially if the project includes an upgrade deemed most valuable in Remodeling magazine’s 2016 Cost vs. Value Report. The top five recouping projects in each cost category of the report are:

Under $5,000

1. Mid-Range Fiberglass Attic Insulation (Recoups 116.9 percent of project cost)
2. Mid-Range Garage Door Replacement (91.5 percent)
3. Mid-Range Steel Entry Door Replacement (91.1 percent)
4. Upscale Garage Door Replacement (90.1 percent)
5. Upscale Fiberglass Entry Door Replacement (82.3 percent)

$5,000 – $25,000

1. Mid-Range Manufactured Stone Veneer (92.9 percent)
2. Mid-Range Wood Deck Addition (75 percent)
3. Mid-Range Vinyl Siding Replacement (73.2 percent)
4. Upscale Fiberglass Grand Entrance (69.6 percent)
5. Mid-Range Back-Up Power Generator (59.4 percent) 

$25,000 – $100,000

1. Mid-Range Basement Remodel (70.4 percent)
2. Mid-Range Major Kitchen Remodel (64.9 percent)
3. Upscale Composite Deck Addition (57.7 percent)
4. Upscale Bathroom Remodel (57.5 percent)
5. Mid-Range Bathroom Addition (56.2 percent)

$100,000+

1. Mid-Range Two-Story Addition (69.3 percent)
2. Mid-Range Family Room (67.9 percent)
3. Mid-Range Master Suite Addition (64.1 percent)
4. Upscale Major Kitchen Remodel (61.5 percent)
5. Upscale Master Suite Addition (57.2 percent)

Keep in mind inexpensive projects tend to reap the highest returns—in fact, four of the five projects that cost less than $5,000 for a professional to do were ranked in the top five overall for cost recouped.

Source: Hanley Wood

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