8.14.17

Which home improvements are worth spending money on?

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An open plan home layout with common kitchen, living area, and dining area

Before you commit to a project, find out how much it will add to your home’s resale value.

Remodeling your kitchen and making your home more energy efficient are both desirable, but which pays off more at selling time? Using an online remodeling cost vs. value calculator, we found out!

If your sights are set on a new kitchen, it might make sense to scale your project down.

In our region, you’ll get a higher return on a mid-range minor kitchen remodel than a major one that costs three times as much. Here’s the breakout:

JOB COST

RESALE VALUE

COST RECOUPED

Mid-range MINOR kitchen remodel

$21,303

$15,348

72.0%

Mid-range MAJOR kitchen remodel

$63,282

$34,125

53.9%

The project with the highest return on the list? Attic insulation – take a look its return:

JOB COST

RESALE VALUE

COST RECOUPED

Attic insulation (fiberglass)

$1,351

$1,071

79.3%

The project listed with the lowest rate of return is an upscale deck addition using composite materials, which will only recoup 41.8% of the job cost.

Check out Remodeling’s calculator to see how the improvements you want to make will affect your home’s value.

Consumers helps more than 1,000 members finance their homes each year. When you need a mortgage or home equity line of credit for your home improvements, call us at 800-991-2221. We’re here to help you get the home of your dreams!

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