10 Home Remodeling Projects That Are Worth Cashing Out Equity For

The release by Zonda of the 34th annual Cost vs. Value report showcases which home improvement projects give the most return on investment (ROI) for homeowners.  Using the 2021 National Averages from the study, here are some projects that are worth starting!

Thinking of remodeling your home?

 

Garage Remodel

Garage Door Replacement
Job Cost: $3,907 | Resale Value: $3,663 | Cost Recouped: 93.8%

The ROI on this project is up to 93.8%!!! While the garage might not be the shiniest remodel to take on but for affordability and investment, it might be time to consider this upgrade.

 

Facade Redo

Manufactured Stone Veneer
Job Cost: $10,386 | Resale Value:$9,571 | Cost Recouped: 92.1%

Manufactured stone projects proved to have a high return on investment in the Cost vs. Value report. However, manufactured stone is frequently installed poorly. Conventional manufactured stone is commonly referred to in the field as “stick-on-stone” because the concrete masonry pieces are typically installed into a stucco base. When getting this project started, make sure to research all the required layers in order to avoid weather damage.

 

New Kitchen

Minor Kitchen Remodel | Midrange
Job Cost: $26,214 | Resale Value: $18,927 | Cost Recouped: 72.2%

In your functional but dated kitchen, replace the fronts of your cabinets with new shaker-style wood panels and drawer fronts, including new hardware. Replace appliances, like refrigerator or stove with new energy-efficient models. Update the countertops and install new sink and faucet. Add new resilient flooring. Finish with a new paint job.

Major Kitchen Remodel | Midrange
Job Cost:$75,571 | Resale Value:$43,364 | Cost Recouped: 57.4%

Update outmoded kitchen with functional layout of semi-custom wood cabinets, an island, laminate countertops, and a double-tub stainless steel sink with standard single-lever faucet. Include energy efficient range, vented range hood, built-in microwave, dishwasher, garbage disposal, and custom lighting. Add new resilient flooring. Finish with a new paint job.

Major Kitchen Remodel | Upscale
Job Cost: $149,079 | Resale Value: $80,284 | Cost Recouped: 53.9%
Update outmoded kitchen with top-of-the-line custom cabinets with built-in sliding shelves and other interior accessories. Include stone countertops with tile backsplash, built-in refrigerator, commercial-grade cooktop and vent hood, wall oven, and built-in microwave unit. Install high-end undermount sink with designer faucets and water filtration system. Add new general and task lighting, including low-voltage undercabinet lights. Install new flooring.

 

Siding Replacement

Siding Replacement | Fiber-Cement
Job Cost: $19,626 | Resale Value: $13,618 | Cost Recouped: 69.4%
Siding Replacement | Vinyl
Job Cost: $16,576 | Resale Value: $11,315 | Cost Recouped: 68.3%

HOUSEWRAP 101: Today’s tighter houses require better moisture control. Here’s how to choose and install the right weather barrier.

Water hasn’t changed how it enters a house, but how we deal with it as builders certainly has. With today’s tighter and more energy-efficient homes, issues of rot and mold problems arose. But there are solutions!!!! Building science has shown us what to do with water that leaks behind wall claddings. Proper installation of a housewrap—also known as a water-resistive barrier (WRB), enables us to build resilient homes that will last for generations.

The architectural design of a home can influence how much rainwater lands on the walls of a building. Here are some points to consider:

  • Lack of overhangs
  • Roof pitch
  • Wall height

Based on the amount of water and other weather that will be around your home, choose the type of sliding to best support the home.

 

Window Replacement

Window Replacement | Vinyl
Job Cost: $19,385 | Resale Value: $13,297 | Cost Recouped: 68.6%
Replace existing windows with insulated, low-E, simulated-divided-light vinyl windows with a custom-color exterior finish. Trim exterior to match existing; do not disturb existing interior trim.
Window Replacement | Wood
Job Cost: $23,219 | Resale Value: $15,644 | Cost Recouped: 67.4%

Replace existing windows with insulated, low-E, simulated-divided-light wood windows. Interior finish of stained hardwood; exterior finish of custom-color aluminum cladding. Trim exterior to match existing; do not disturb existing interior trim.

 

Deck Addition

Deck Addition | Wood
Job Cost:$16,766 | Resale Value: $11,038 | Cost Recouped: 65.8%

Add 16×20-foot deck using pressure-treated joists supported by 4×4-inch posts anchored to concrete piers. Install pressure-treated deck boards in a simple linear pattern. Include built-in bench and planter of the same decking material. Include stairs, assuming three steps to grade. Provide a complete railing system using pressure-treated wood posts, railings, and balusters.

Deck Addition | Composite
Job Cost: $22,426 | Resale Value: $14,169 | Cost Recouped: 63.2%

Add 16×20-foot deck using pressure-treated joists supported by 4×4-inch posts anchored to concrete piers. Install composite deck material in a simple linear pattern. Include built-in bench and planter of the same decking material. Include stairs, assuming three steps to grade. Provide a complete railing using a matching system made of the same composite as the decking material.

 

Entrance Facelift

Entry Door Replacement | Steel
Job Cost: $2,082 | Resale Value: $1,353 | Cost Recouped: 65.0%

Remove existing entry door and jambs and replace with new steel unit, including a clear, dual-pane half-glass panel, jambs, and aluminum threshold with composite stop. Door is factory finished with same color both sides. Exterior brick-mold and interior colonial or ranch casings in poplar or equal prefinished to match door color. Replace existing lockset.

Grand Entrance | Fiberglass
Job Cost:$10,044 | Resale Value: $6,116 | Cost Recouped: 60.9%

Remove existing entry door and cut and reframe opening for a larger entrance door with dual sidelights. Move double-gang electrical box with two switches. Fiberglass door blank matches upscale entry, including color, threshold, lockset, and decorative half-glass with sidelights to match door. PVC-wrapped exterior trim in color to match existing trim; wider interior colonial or ranch casings in hardwood stained to match door.

 

Roofing Replacement

Roofing Replacement| Asphalt Shingles
Job Cost:$28,256 | Resale Value: $17,147 | Cost Recouped: 60.7%
Remove and dispose of existing roofing to bare wood sheathing. Install fiberglass asphalt shingles with new felt (or equivalent synthetic) underlayment, galvanized drip edge, and mill-finish aluminum flashing.
Roofing Replacement| Metal
Job Cost:$46,031 | Resale Value: $25,816 | Cost Recouped: 56.1%
Remove and dispose of existing roofing to bare wood sheathing. Install ice-barrier membrane at roof perimeter, and premium-grade synthetic underlayment over roof. Install prefinished, standing-seam metal roofing with matching preformed accessories, including drip edge, gable trim, and vented ridge flashing.

 

Bath Remodel

Bath Remodel | Midrange
Job Cost:$24,424 | Resale Value: $14,671 | Cost Recouped: 60.1%

Update existing, start by replacing all fixtures to include porcelain-on-steel tub with ceramic tile surround; new single-lever temperature and pressure-balanced shower control; standard white toilet; solid-surface vanity counter with integral sink; recessed medicine cabinet with light; ceramic tile floor; vinyl wallpaper.

Bath Remodel | Universal Design
Job Cost:$38,813 | Resale Value: $22,475 | Cost Recouped: 57.9%

Update existing space to be wheelchair-accessible and install flat-panel electrical switches at sitting level. Replace toilet with comfort height fixture featuring elongated bowl and bidet seat, or something similar. Remove existing bathtub and install curb-less, tiled, walk-in shower with adjustable showerhead, fold-out seat, thermostatic mixing valve, and bi-directional glass door. Replace flooring with electric radiant heat beneath new luxury vinyl tile flooring. Install adaptive living vanity with easy-grasp handles and adjustable mirror. Install LED lights, infrared ceiling light, night light, and ultra-quiet vent fan with humidity-sensing controls. Install ceramic tiles on walls with two contrasting color stripes. Install nine towel bars that can support 250 pounds and reconfigure storage to be accessible from a seated position.

Bath Remodel | Upscale
Job Cost:$75,692 | Resale Value: $41,473 | Cost Recouped: 54.8%

Expand existing bathroom within existing house footprint. Relocate all fixtures. Include neo-angle shower with ceramic tile walls with accent strip, recessed shower caddy, body-spray fixtures, and frameless glass enclosure. Include freestanding soaker tub with high-end faucets; stone countertop with two sinks; two mirrored medicine cabinets with lighting; a compartmentalized commode area with one-piece toilet; and a humidistat-controlled exhaust fan. Use all color fixtures. Use larger matching ceramic tiles on the floor, laid on diagonal with ceramic tile base molding. Add general and spot lighting including waterproof shower fixture. Cabinetry has custom drawer base, wall cabinets. Extend HVAC. Electric in-floor heating.

 

Master Suite Addition

Master Suite Addition | Midrange
Job Cost:$156,741 | Resale Value: $85,672 | Cost Recouped: 54.7%

Add master bedroom suite over crawlspace. Include walk-in closet/dressing area, freestanding soaker tub, separate ceramic tile shower, and double-bowl vanity with solid-surface countertop. Carpet the bedroom floor; put tile in bath. Paint walls, ceiling, and trim. Install general and spot lighting, exhaust fan.

Master Suite Addition | Upscale
Job Cost:$320,976 | Resale Value: $152,996 | Cost Recouped: 47.7%

Add master bedroom suite over crawlspace. Add spacious sleeping area with lounging/sitting area adjacent to large master bath. Include custom bookcases and built-in storage with millwork details; high-end gas fireplace with stone hearth and custom mantle; and walk-in closet/dressing area with natural light, mirrors, and linen storage. Add French doors. Bathroom includes walk-in shower with 2019 dual-shower system, stone walls and floor, and custom frameless glass enclosure. Add freestanding soaker tub. Include two sinks in separate custom vanities with stone countertops and large mirrors. Create partitioned area for luxury one-piece toilet. Outside the bath, add hospitality center with bar sink, under-counter refrigerator, custom cabinetry, stone countertop, and microwave. Include soundproofing, in-floor heating, custom wall finishes and hardware, general and spot lighting, and high-end lighting controls.

 

To see more specific estimates of data based on region:

  • Click here to see the Pacific Regional Data [AK, CA, HI, OR, WA]
  • Click here to see the Mountain Regional Data [AZ, CO, ID, MT, NM, NV, UT, WY]

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