If you live in the Los Angeles area and have been thinking about adding value to your home through renovations or remodeling (especially if you’re planning on selling), here’s some information to help you decide on home improvement projects that can give you the best bang for your buck.
From replacing doors to bathroom remodels – here are some ideas to consider.
Ten Remodeling Projects with the Best Return on Investment in Los Angeles
The Remodeling 2020 Cost vs. Value Report looks at 21 example home improvement/remodeling projects, and by using a combination of industry data and realtor expertise, reports how much each one was worth at resale.
The ten home improvement projects that have the best return on investment in 2020 (i.e. add the most value at resale as a percentage of cost) in Los Angeles are:
- Manufactured Stone Veneer
- Garage Door Replacement
- Minor Kitchen Remodel (using midrange quality materials)
- Entry Door Replacement
- Composite Deck Addition
- Fiber-cement Siding Replacement
- Vinyl Siding Replacement
- Entry Door Replacement
- Asphalt-Shingle Roofing Replacement
- Bathroom Remodel (using “universal design” quality materials)
© 2020 Hanley Wood Media Inc. Complete data from the Remodeling 2020 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.
If we take the average of the costs recouped for the individual projects under the same category (such as the midrange, upscale, and universal design bathroom remodels), the list of top ten project types break down as follows:
- Manufactured Stone Veneer
- Garage Door Replacement
- Minor Kitchen Remodel
- Entry Door Replacement
- Deck Addition
- Siding Replacement
- Window Replacement
- Bathroom Remodel
- Bathroom Addition
- Grand Entrance Replacement
© 2020 Hanley Wood Media Inc. Complete data from the Remodeling 2020 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.
Some of this information may be surprising…
But remember, this isn’t a ranking of the projects that add the most value (if it was, adding a new addition would always be first).
Instead, it’s ranking home improvement projects by how much of the cost you can recoup especially when selling your Los Angeles home fast.
You can learn more about these projects, such as the scope behind the work, and the dollar values estimated at www.costvsvalue.com.