Project (average cost recouped, national) according to Realtor Magazine:

  • Minor kitchen remodel (88%) - paint or recover kitchen cabinets, replace faucets, upgrade appliances
  • Bathroom remodel (85%)
  • Major kitchen remodel (81%) - completely replace and cabinets, tiling, counters, appliances, etc..
  • Family room addition (80%)
  • Patio addition (77%) - whether screened or open, having a covered outside area is much appreciated!
  • Master suite (75%)
  • Siding replacement (73%)
  • Window replacement (69%)
  • Home office (55%) - in home or detached.
  • Projects that may increase your home’s value include: Jacuzzi (4 jets or more); permanent hot tub; in-ground pool; security system; sprinkler system; substantial out buildings; and vaulted ceilings. While the following  may not add value to your house, the will add selling appeal for buyers so you get the best price: above-ground pool; ceiling fans; garden pond; and light fixtures.
  • Remodel with mass appeal in mind.  You do not want to remodel using your personal preferences but rather in a manner that allows for buyers flexibility to make it their own. 
  • Use durable, quality materials.
  • Keep the value of your property within 15 to 20 percent of your neighbors’. No matter how much upgrading you do, if you go too far above, your home will not necessarily increase in market value.