These Home Improvements Will Offer the Best Return for Idaho Homeowners in 2019
Exterior renovations and kitchen remodels top Remodeling’s annual Cost vs. Value Report.
With home values steadily increasing, you might be considering tapping the equity in your house to fund a renovation this year. But before you start swinging a sledgehammer like Chip Gaines, it pays to figure out which projects offer the highest return on investment.
The Remodeling 2019 Cost vs. Value Report compares average costs for remodeling projects with the value those projects retain at resale in more than 100 U.S. markets, including Boise, Idaho. The following 10 projects offer the best ROI, based on data from the Gem State.
Idaho Home Improvement #1: New garage door
Garage door replacement not only tops the list in Idaho, but is the repeat winner nationally, too. In Boise, the job costs $3,611 with a resale value of $5,513 — an impressive 152.7 percent cost return. If you’re considering this project, plan to install a new garage door on new steel tracks but reuse the existing motorized opener.
Idaho Home Improvement #2: Minor kitchen remodel
A minor kitchen remodel totals $20,818, with a cost recovery of 106.6 percent. This project assumes you have a functional but dated 200-square-foot kitchen. Some improvements include replacing cabinet and drawer fronts, cooktop/oven range, refrigerator, laminate countertops and flooring.
Idaho Home Improvement #3: Stone veneer
This project consists of removing 300-square-feet of existing vinyl siding from the bottom third of your home’s street-facing façade and replacing it with manufactured stone veneer. In Idaho, the cost is $8,456 with an 86.5 percent return.
Idaho Home Improvement #4: New siding
Siding replacement will cost $14,980 with a 74.2 percent return. The project consists of 1,250 square feet of new siding.
Idaho Home Improvement #5: New roof
This project is based on asphalt shingles, which have a higher resale return than their metal counterpart at 72.1 percent. The cost of $21,388 assumes the removal and disposal of existing roofing and installation of fiberglass asphalt shingles.
Idaho Home Improvements #6 & 7: New windows
Ranking sixth and seventh are vinyl and wood window replacements, respectively. Vinyl windows will cost $15,805 and return 70.7 percent. Wood windows are a bit pricier at $19,495 with a cost recovery of 67.3 percent. This project assumes the replacement of 10 existing 3x5-foot double-hung windows.
Idaho Home Improvement #8: Wood deck
According to the Cost vs. Value Report, a new wooden deck is a better value than composite. The project cost, $13,099, accounts for the addition of a 16x20-foot deck, including stairs, railing and a built-in bench and planter.
Idaho Home Improvement #9: Major kitchen remodel
This type of remodel is classified as upscale and has a price tag of $124,990, with a resale recoup of 66.5 percent. A project like this would include upgrading a 200-square-foot kitchen with elements like top-of-the-line custom white cabinets with built-in sliding shelves, stone countertops with imported tile backsplash, a built-in refrigerator and a commercial-grade cooktop, to name a few items.
Idaho Home Improvement #10: New entry door
This project includes replacing your existing entry door and lockset with a new steel unit. The most inexpensive improvement on the list at $1,707, it boasts a 65.9 percent return.
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Complete data from the Remodeling 2019 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.