When thinking about selling their home, people often tally up the price they originally paid for the house along with all of the money they’ve ever put into improving it and hope to get it all back when they sell. While most home improvements won’t add up to 100% of the return, it’s a always a good idea to know which improvements add the most resale value. That way you know how your money is best spent.
This is why I always tell people to make some of the fun and exciting updates well before going to re-sell so that they are able to fully enjoy them.
Each year Remodeling Magazine publishes the a Cost. Vs. Value Report – outlining which home improvements yield the highest return on investment for resale. The data is broken down by region.
Here are some of the top improvements from the 2016 Cost. Vs. Value Report for the Washington DC Area.
Mid Range Project
- Garage Door Replacement 101.9%
- Attic insulation (fiberglass) 99.4%
- Minor Kitchen Remodel 96.4%
- Entry Door (steel) 95.2%
- Deck Addition (wood) 86.4%
- Entry Door (fiberglass) 77.5%
- Roof Replacement 72.3%
- Two Story Addition 67.8%
- Bathroom Remodel 65.5%
- Major Kitchen Remodel 61.4%
- Master Suite Addition 61.5%
- Family Room Addition 60.9%
- Basement Remodel 55.7%
- Bathroom Addition 55.1%
- Bathroom Addition 52.2%
- Bathroom Remodel 61.7%
- Deck Addition Composite 56.4%
- Major kitchen Remodel 59.4%
- Master Suite Addition 50.3%
- Siding Replacement (engineered) (70.8%
- Siding Replacement (fiber-cement) 67.1%
- Window Replacement Wood 77.6%
© 2016 Hanley Wood Media Inc. Complete data from the Remodeling -2016 Cost vs. Value Report