A guide to renovation cost & return on investment

The National Association of REALTORS^® and the National Association of the Remodeling Industry teamed up to calculate the estimated cost and return on investment for home remodeling projects. Share these numbers with renovating clients¹:

• Full kitchen renovation: cost estimate‚ $68‚000; estimated cost recovered‚ $40‚000; percent of value recovered‚ 59%.
• New wood flooring: cost estimate, $4‚700; estimated cost recovered‚ $5‚000; percent of value recovered‚ 106%.
• New garage door: cost estimate‚ $2‚100; estimated cost recovered‚ $2‚000; percent of value recovered‚ 95%.
• New vinyl windows: cost estimate‚ $22‚500; estimated cost recovered‚ $16‚000; percent of value recovered‚ 71%.

As always‚ it is a pleasure staying in touch.

¹Timothy Inklebarger‚ “Renovation return quick guide‚” Boston Agent Magazine‚ last updated October 10‚ 2019.