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Each year US Remodelling magazine produces a cost vs. value report for nationwide and regional trends. The report gives us a look into which home remodelling projects will be worth the effort.
By Alexa Erickson
Where should you spend your reno dollars in 2020?
11. Roofing replacement
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One of the most important parts of a home, a new roof is a big deal to home buyers.
It’s a decent investment, too. Although it will cost you $20,939, you’ll see a resale value of $14,320.
It recoups 68.4 percent.
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12. Fiberglass grand entrance
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Make a great first impression.
Removing your existing entry door and cutting and reframing the opening for a larger fibreglass entrance door with dual sidelights, threshold and upscale locket will cost you $8,591.
The resale value is $5,809 with a recoupment of 67.6 percent.
13. Composite deck addition
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A composite deck may not have the same recoupment as wood, but it still makes the list, coming in at number 13 on Remodelling magazine’s list, with a cost of $17,668, resale value of $11,239 and a recoupment of 63.6 percent for a 16 x 20-foot deck using pressure-treated joists supported by 4×4 posts anchored to concrete piers.
The composite deck material had a simple linear pattern with a built-in bench and planter of the same decking material.
Steps and a railing should also be included.
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Where should you spend your reno dollars in 2020?
14. Major kitchen remodel
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A midrange major kitchen remodel will cost you $63,829 with a resale value of $37,637 and a recoupment of 59 percent.
“Update an outmoded 200-square-foot kitchen with a functional layout of 30 linear feet of semi-custom wood cabinets. Install a 3 x 5-foot island, laminate countertops, and standard double-tub stainless-steel sink with standard single-lever faucet,” says Remodelling magazine.
“Include energy-efficient range, ventilation system, built-in microwave, dishwasher, garbage disposal, and custom lighting. Add new resilient flooring. Finish with painted walls, trim, and ceiling.”
15. Bathroom addition
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A midrange bathroom addition will cost you $44,717 with a resale value of $26,769 and a recoupment of 59.9 percent.
The full 6 x 8-foot bathroom should be added over a crawlspace with poured concrete walls, ceramic tile floor and painted trim.
Include a 30 x 60-inch white fibreglass tub-shower, cultured-marble vanity top with moulded sink and a mirrored medicine cabinet, according to Remodelling magazine.
