According to the Cost vs. Value Report of 2014 done by the Lowry Team, an award winning real estate team based in Cincinnati, there are a number of home improvement projects that may regain all, if not more, of the value back on cost investment in materials, labor, etc. when selling a home. Below, the projects are ranked from best to worst under mid-range and upscale project categories (Lowry, 2014). Keep in mind that these stats are subject to vary based on location, local trends, and local cost of investment (Lowry, 2014).
Best (redeem 100% or more value back on investment)(Lowry, 2014):
-Adding an attic bedroom (Lowry, 2014)
-Having a back up power generator (Lowry, 2014)
-Wood deck additions (Lowry, 2014)
-Home office remodel (only redeem about 50% or less back on investment!) (Lowry, 2014)
Best (redeemed 70% or more value back on investment) (Lowry, 2014):
-Garage door replacement (Lowry, 2014)
-Composite deck addition (Lowry, 2014)
-Vinyl window and siding replacements (Lowry, 2014)
-Bath remodel (Lowry, 2014)
-Master suite addition (Lowry, 2014)
-Roof replacement (Lowry, 2014)
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Lowry, Eric. “Lowry Team Real Estate.” The Lowry Team Keller Williams Realty Shares Home Improvements That Are Worth the Investment. Keller Williams Realty, n.d. Web. 05 June 2014. <http://www.pr.com/press-release/562239>.