Estimates from the National Association of Realtors 2019 Remodeling Impact Report. Value Recovered refers to the likely dollar amount each project would add to the house at resale.
1. Kitchen Upgrade
Project Cost: $38,300
52% Value Recovered $20,000
2. Bathroom Renovation
Cost: $35,000
57% Value Recovered: $20,000
3. Basement Conversion
Cost: $49,900
64% Value recovered $30,000
4. Closet Renovation
Cost: $6,300
40% Value Recovered: $2,500
5. Hardwood Flooring Refinish
Cost: $2,600
100% Value Recovered: $2,600
6. New Steel Front Door
Cost: $2,000
75% Value Recovered: $1,500