December

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.

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