The national average for costs recouped from a minor kitchen remodel is 72.2 percent, according to Remodeling magazine’s 2021 Cost vs. Value Report.
You’ve been thinking about remodeling your kitchen but worry that you won’t be able to recoup the costs if you sell your home. Or maybe you have an endless list of home improvement projects, but you’re just not sure where to get started — or how much you can expect to spend.
Using the Remodeling 2021 Cost vs. Value Report, we looked at the national averages for job cost, resale value and cost recouped on some mid-range home improvement projects.
Garage door replacements give homeowners one of the biggest returns, with almost 94 percent of the cost recouped when the house is sold. The reason? “Curb appeal,” says Barry Brownstone, owner of Sears Garage Solutions in the Chicago area. The garage “is the largest part you see when you pull up to a house—it’s the focal point of the house.” Brownstone especially encourages those thinking about selling their house to replace an old garage door with a new one that has windows. “It’s a great selling point.”
The most popular garage door style right now—and the least expensive—is a traditional steel door, Brownstone says. Sears also offers carriage-door styles in custom wood and steel, as well as premier carriage-door styles.
If a kitchen remodel is on your mind, but you’re worried about the cost, think about a smaller project. A minor mid-range kitchen project has a much better payoff (recouping 72.2 percent of the cost) than a major mid-range kitchen project (recouping 57.4 percent), according to the 2021 Cost vs. Value Report.
What home improvements add the most value?
Check out the chart below to see how much home improvement projects will help increase your home’s return on investment.
Ready for your next home improvement? Schedule a free in-home consultation to get things started today.
4 Bonus Home Maintenance Tips
Check out these maintenance tips to help keep your home in good shape.
Tip: Check your garage door and opener for the safety sensors, sometimes called “electric eyes.” If your garage door is older, or if it has not been properly maintained or installed, the safety sensors might not be functional. Properly connect and align the sensors or replace them.
Tip: Deal with drafts promptly. Touch up windows with caulk to cut down on energy bills.
Tip: Visually inspect your house from the ground twice a year. If you see moss or algae, call in an expert.
Tip: Spring is a great time to test the weather-stripping on your exterior doors. If you feel a draft when you run your hand along the bottom and sides, replace the stripping.
10 Home Improvement Projects with High ROI
- Garage Door Replacement Job cost: $3,907 Resale value: $3,663 Cost recouped: 93.8%
- Minor Kitchen Remodel Job cost: $26,214 Resale value: $18,927 Cost recouped: 72.2%
- Vinyl Window Replacement Job cost: $19,385 Resale value: $13,297 Cost recouped: 68.6%
- Vinyl Siding Replacement Job cost: $16,576 Resale value: $11,315 Cost recouped: 68.3%
- Wood Window Replacement Job cost: $23,219 Resale value: $15,644 Cost recouped: 67.4%
- Steel Entry Door Replacement Job cost: $2,082 Resale value: $1,353 Cost recouped: 65%
- Fiberglass Grand Entrance Job cost: $10,044 Resale value: $6,116 Cost recouped: 60.9%
- Roof Replacement (asphalt shingles) Job cost: $28,256 Resale value: $17,147 Cost recouped: 60.7%
- Midrange Bathroom Remodel Job cost: $24,424 Resale value: $14,671 Cost recouped: 60.1%
- Major Kitchen Remodel Job cost: $75,571 Resale value: $43,364 Cost recouped: 57.4%