ROI: 99 Projects and a Bath Ain’t One – REMIX

Home Improvement ProjectsLast year I wrote about what projects brought the best return on investment according to the annual Cost vs Value Report. This year the report is out again but showed a couple of differences.

MidRange Projects:

Top 5 Best ROI Projects in Boston

1- Minor Kitchen Remodel 88.5% ROI

2- Deck Addition (wood) 86% ROI

3- Enty Door Replacement (steel) 80.9% ROI

4- [tie] Attic Bedroom Remodel and Siding Replacement (vinyl) 78.1% ROI

5- Window Replacement (wood) 77.5% ROI

Top 5 ROI Projects National Average

1- Entry Door Replacement (steel) 85.6% ROI

2- Deck Addition (wood) 77.3% ROI

3- Garage Door Replacement 75.7% ROI

4-Minor Kitchen Remodel 75.4% ROI

5- Window Replacement (wood) 73.3% ROI

Upscale Projects:

Top 5 ROI Projects in Boston

1-Siding Replacement (fiber-cement) 86.4% ROI

2- Garage Door Replacement 77.8% ROI

3-Siding Replacement (foam-backed vinyl) 77.6% ROI

4-Window Replacement (vinyl) 76.4% ROI

5- Window Replacement (wood) 74.7% ROI

Top 5 ROI Projects National Average

1-Siding Replacement (fiber-cement) 79.3% ROI

2- Garage Door Replacement 75.2% ROI

3-Siding Replacement (foam-backed vinyl) 71.8% ROI

4-Window Replacement (vinyl) 71.2% ROI

5- Window Replacement (wood) 68.4% ROI

As you can see, the more you spend does not mean the more you get back. Before beginning any home improvement project it is important to consider the purpose for the project. Yielding a high return on investment is good to consider, but if you have no intention to sell anytime soon, there is no reason not to make a house your home. Once you have decided to pursue a project make sure to use the right contractor, no matter the project, the right contractor will save money in the long run.

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