Curb appeal has a major impact on the return you’ll see at resale. Among the top 10 home improvement projects with the highest return on investment (ROI) in Remodeling magazine’s newly-released Cost vs. Value Report, nine are outdoor projects.
Topping this year’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.
The report shows an increase in cost for all 22 projects listed, but there is also a consistent dip across the board in terms of what the perceived value of each of these projects is. Nationally, here are the 10 projects with the greatest ROI, according to the report:
Manufactured Stone Veneer (95.6% ROI)
- Average Cost: $9,357
- Average Resale Value: $8,943
Garage Door Replacement (94.5% ROI)
- Average Cost: $3,695
- Average Resale Value: $3,491
Minor Kitchen Remodel (Midrange) (77.6% ROI)
- Average Cost: $23,452
- Average Resale Value: $18,206
Siding Replacement (Fiber-Cement) (77.6% ROI)
- Average Cost: $17,008
- Average Resale Value: $13,195
Siding Replacement (Vinyl) (74.7% ROI)
- Average Cost: $14,359
- Average Resale Value: $10,731
Window Replacement (Vinyl) (72.3% ROI)
- Average Cost: $17,641
- Average Resale Value: $12,761
Deck Addition (Wood) (72.1% ROI)
- Average Cost: $14,360
- Average Resale Value: $10,355
Window Replacement (Wood) (68.9% ROI)
- Average Cost: $21,495
- Average Resale Value: $14,804
Entry Door Replacement (Steel) (68.8% ROI)
- Average Cost: $1,881
- Average Resale Value: $1,294
Deck Addition (Composite) (66.8% ROI)
- Average Cost: $19,856
- Average Resale Value: $13,257
Nationally—and on the other end of the spectrum—here are the 10 projects with the lowest ROI:
Master Suite Addition (Upscale) (51.6% ROI)
- Average Cost: $282,062
- Average Resale Value: $145,486
Grand Entrance (Fiberglass) (53.3% ROI)
- Average Cost: $9,254
- Average Resale Value: $4,930
Major Kitchen Remodel (Upscale) (53.9% ROI)
- Average Cost: $135,547
- Average Resale Value: $72,993
Bathroom Addition (Midrange) (54% ROI)
- Average Cost: $49,598
- Average Resale Value: $26,807
Bathroom Addition (Upscale) (54.7% ROI)
- Average Cost: $91,287
- Average Resale Value: $49,961
Bath Remodel (Upscale) (56.6% ROI)
- Average Cost: $67,106
- Average Resale Value: $37,995
Master Suite Addition (Midrange) (58.5% ROI)
- Average Cost: $136,739
- Average Resale Value: $80,029
Major Kitchen Remodel (Midrange) (58.6% ROI)
- Average Cost: $68,490
- Average Resale Value: $40,127
Roofing Replacement (Metal) (61.2% ROI)
- Average Cost: $40,318
- Average Resale Value: $24,682
Bathroom Remodel (Universal Design) (62% ROI)
- Average Cost: $34,643
- Average Resale Value: $21,463
