The 2017 Cost VS Value Report compiled by Remodeling Magazine is celebrating a milestone anniversary, with its 30th year of publication!
The Cost VS Value report is so popular because it not only shows detailed analysis of best projects for the return on your investment when you sell your home, but the report is also broken down by region. Within this year’s report there were 3 noteworthy take-aways:
- Exterior “curb appeal” improvements generally pack a bigger payback than interior projects
- Inexpensive improvements are easier to recoup than pricier remodeling projects
- Replacement projects usually net more than remodeling/expansion projects—which may explain the relatively low returns on kitchen and bath remodels/additions
Here in the Pacific Region, three projects rose to the top – attic insulation, upscale garage doors, and adding engineered stone veneer. All 3 projects recouped over 100% of their project costs. Conversely, the three least profitable projects – an outdoor living room, bathroom addition, and upscale composite deck – recouped between 60% to 65% of their costs.
This week on Mercer Island Pulse we’ll be exploring the top three remodeling projects, via Houzz Stories, that produce the best returns in our region. Stay tuned for the first post discussing attic insulation.
If you would like to explore the full Pacific Region report covering a total of 29 projects, including project descriptions and scope, click here!