Home Improvement Projects That Will Give You The Best ROI
As realtors, one of the questions we get asked the most is which home improvement projects will give you the best return on your investment. While every improvement is going to give you a different ROI, there are updates that will give you more bang for your buck when you go to sell. Below are 3 different kitchen remodels at 3 drastically different price points that all have different cost recuperation.
Kitchen Remodels
Minor Kitchen Remodel – Midrange
Cost based on a 200 sf kitchen with 30 linear feet of cabinets and counters
Project Details:
- Replace cabinet fronts as well as drawer fronts with new shaker-style wood panels and replace hardware
- Replace laminate counters
- Install mid-priced skin and faucet
- Replace cooktop/oven range as well as refrigerator with new, energy efficient models
- Add new resilient flooring
- Fresh paint on walls, ceiling as well as trim.
San Antonio National
Job Cost: $20,727 Job Cost: $22,507
Resale Value: $12,929 Resale Value: $18,123
Cost Recouped: 62.4% Cost Recouped: 80.5%
Major Kitchen Remodel – Midrange
Cost based on a 200 sf kitchen with 30 linear feet of cabinets and counters
Project Details:
- Update kitchen with a functional layout of semi-custom wood cabinets, including 3×5 island
- Replace laminate counters
- Replace current sink with double-tub stainless steel sink as well as standard single-lever faucet
- Add energy efficient range, vented range hood , built-in microwave, dishwasher, garbage disposal as well as custom lighting
- Add new resilient flooring
- Fresh paint on walls, ceiling as well as trim.
San Antonio National
Job Cost: $20,727 Job Cost: $22,507
Resale Value: $12,929 Resale Value: $18,123
Cost Recouped: 62.4% Cost Recouped: 80.5%
Major Kitchen Remodel – Upscale
Cost based on a 200 sf kitchen with 30 linear feet of cabinets and counters
Project Details:
- Update kitchen with top-of-the-line custom white cabinets that include built-in sliding shelves as well as other interior accessories
- Add stone countertops and imported backsplash such as ceramic or glass-tile.
- Add built in refrigerator, commercial-grade cooktop as well as vent hood, wall oven and built in microwave
- Install high-end undermount sink with designer faucets including water filtration system
- Add general and task lighting, including low voltage under cabinet lights
- Install tile or similar flooring that looks like wood
Job Cost: $122,525
Resale Value: $52,626
Cost Recouped: 43.0%
Information via Cost Vs. Value 2019
Home Improvement Projects That Will Give You The Best ROI
The Boehm Team | (830) 428-8106 | info@MyBoehmTeam.com
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