Home Improvements

Home Improvement – Cost vs. Value
Home improvements not only make your home a more enjoyable place to live, but they also can increase the resale value of your home. The list below shows the latest statistics of various home improvement projects, their cost and recouped value from the improvement. The data shown is both for the Minneapolis market and national averages.

Project Job Cost Resale Value Cost Recouped Minneapolis National Avg. Recouped
Bathroom Remodel $15,731 $8,706 55.3% 65.2%
Bathroom Addition $37,351 $16,208 43.4% 54.8%
Minor Kitchen Remodel $18,453 $12,483 67.6% 75.4%
Siding Replacement (vinyl) $11,144 $7,246 65% 72.9%
Attic Bedroom $47,702 $29,724 62.3% 72.9%
Master Suite Addition $101,187 $57,609 56.9% 63.2%
Deck Addition $15,076 $9,562 63.4% 67.5%
Basement Remodel $60,640 $36,535 60.2% 70.3%
Window Replacement (vinyl) $9,730 $6,585 67.7% 71.2%
Roof Replacement $18,323 $9,397 51.3% 62.9%
Family Room Addition $78,308 $45,347 57.9% 63.3%
Home Office Remodel $27,062 $9,965 36.8% 43.6%
Sunroom Addition $71,905 $30,246 42.1% 46.5%