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The 2024 Cost vs. Value Report provides homeowners and professionals with valuable insights into the return on investment (ROI) for a wide variety of home remodeling projects. This year’s data shows that both interior renovations—like kitchen and bathroom remodels—and exterior replacements—like siding, windows, doors, and roofs—can deliver strong resale value.
Projects that tend to perform best include modest kitchen and bath updates, garage door replacements, manufactured stone veneer, and exterior improvements. These projects not only enhance a home’s curb appeal but also appeal to buyers, helping homeowners recoup a significant portion of their investment.
When planning your next project, consider your region’s real estate trends, material costs, and buyer preferences. Use the report as a guide to choose projects that align with your goals and budget while maximizing value
Frequently Asked Questions
What is the Cost vs. Value Report?
The Cost vs. Value Report is an annual analysis published by Remodeling Magazine and Remodeling Online. It estimates the average cost of popular home remodeling projects in 150 U.S. markets and compares those costs to the projects’ resale value to calculate ROI.
Is the Cost vs. Value Report accurate?
The report offers a reliable benchmark for understanding typical costs and resale value trends. However, it’s based on averages and may not perfectly reflect your specific home, market, or project. Use it as a guide rather than an exact est
What is the cost-to-value ratio?
The cost-to-value ratio expresses resale value as a percentage of the project cost:
100%: value equals cost (you break even at resale).
Below 100%: cost is higher than resale value.
Above 100%: value at resale exceeds the project cost (rare, but possible with strategic improvements).
Are HGTV remodel costs realistic?
Not really. While TV shows make remodeling look fast and affordable, they often leave out real-world costs like permits, labor, and hidden issues. Always get professional estimates based on your home and market.
What is the purpose of the 2024 Cost vs. Value Report?
The report helps homeowners and professionals decide which projects are likely to deliver the best return on investment. By identifying trends and analyzing data, it guides smarter decisions about which improvements make sense financially.
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