Can You Recoup the Money You Invest in Remodeling?

Being in the home improvement industry, I continually educate myself on remodeling statistics.   I pay a lot of attention to Hanley Wood's Cost vs. Value Report that is published annually.  This report compares the cost of home improvement projects with the resale value you would get if you sold your home.  They've published this for over 20 years and are market specific.  Here are the statistics for the Minneapolis area. 

Job Cost	Resale Value	Cost Recouped	Project
$47,931	$31,201	65.1%	Attic Bedroom
$13,969	$6,715	48.1%	Backup Power Generator
$60,436	$39,431	65.2%	Basement Remodel
$37,567	$20,681	55.0%	Bathroom Addition
$15,753	$10,211	64.8%	Bathroom Remodel
$15,154	$10,465	69.1%	Deck Addition (composite)
$10,378	$7,902	76.1%	Deck Addition (wood)
$80,624	$49,215	61.0%	Family Room Addition
$55,907	$34,759	62.2%	Garage Addition
$28,054	$14,224	50.7%	Home Office Remodel
$56,307	$40,944	72.7%	Major Kitchen Remodel
$100,552	$60,525	60.2%	Master Suite Addition
$21,185	$15,528	73.3%	Minor Kitchen Remodel
$18,176	$10,256	56.4%	Roofing Replacement
$10,027	$7,449	74.3%	Siding Replacement (vinyl)
$71,173	$39,657	55.7%	Sunroom Addition
$145,632	$94,414	64.8%	Two-Story Addition
$10,518	$7,421	70.6%	Window Replacement (vinyl)
$11,518	$8,246	71.6%	Window Replacement (wood)

Jeri Pischke, Tender Heart Transitions - Email - Website