What to Know Before You Remodel: Return on Your Remodel Investment (RORI)
I’ve completed a number of building projects in my construction career and been asked thousands of questions as a building contractor. The one question that I have seldom been asked is, “I’d like to remodel my house. What will be the return on my remodel investment when I sell it in the future?” Recently, I have come across a national study which answers the questions of remodeling costs and the value of that investment.
And I was taken aback by what I found.
Home remodeling projects ranging from backyard patios to major kitchen redesigns had been studied across the nation. Regional job costs and their resell values were analyzed and compared. I found some surprises in the findings of the 2018 results. I never would have imagined that garage door replacements and manufactured stone veneer home improvements would place in the top five project types in recouped costs after resale.
For a complete listing of 2018 project descriptions, job costs, resale values and recouped costs in the South Atlantic region see Remodeling 2018 Cost vs. Value Report .