When I consider renovation cost vs value, I am reminded that I am often asked by clients and friends what renovations get the best return upon resale. There are an incredible number of factors that will determine how much money you’ll get back from your renovation, including the location of your home, the quality of your upgrades, nearby houses on the market, and the current status of the market itself. A great resource for those considering home improvements is Cost VS Value tool on remodeling.hw.net, where you will find current data on the value of home improvements on a national, state and city level. The website also compares how resale value of improvements is changing compared to years past.
Here is a small snippet of some of the data you will find. This information is based on home sales and renovation projects in Raleigh, at a midrange improvement level.