What areas of my home will bring the most value in a remodel?
Deciding where to invest in home renovations often boils down to one key question: Will this pay off in the long run? The 2024 Cost vs. Value Report, published by Remodeling Magazine, is here to help answer that. This annual report provides a data-driven look at the return on investment (ROI) for popular home renovation projects across the U.S., offering invaluable insights for homeowners.
This year’s report covers a range of projects, from exterior upgrades like siding and windows to interior transformations such as kitchen remodels and bathroom overhauls. By comparing the average cost of these projects to their resale value, the report helps you prioritize improvements that not only enhance your home’s functionality and beauty, but also increase its market value.
If you’re a homeowner planning your next renovation, the 2024 Cost vs. Value Report is an indispensable tool for making informed choices. Some key takeaways from the 2024 edition include:
Top-performing projects: Small-scale updates often provide higher ROI than major renovations, with exterior enhancements continuing to lead the pack.
Regional differences: ROI varies widely based on location, highlighting the importance of tailoring projects to local market trends.
Long-term benefits: Beyond resale value, many upgrades improve energy efficiency, reduce maintenance costs, and boost curb appeal.
We have the St. Louis, Missouri comparison chart for you!
Are you looking for numbers in a different city or region? Explore the full report here.
If you’re interested in discussing your renovation project with us, contact the 5stone Construction team to get started! Click here to submit your information: https://5stoneconstruction.com/contact/
