For most San Diego homeowners, home improvement projects are not planned with unlimited financial resources. Saving-up of extra income for that one, or maybe two home improvement projects, means figuring out what you really, really want and balancing those projects with your budget constraints and what adds the most value to your home.
Did you know, according to Remodeling Magazine’s 2015 Cost vs. Value Report for San Diego, CA that both vinyl window replacement and entry door replacement projects in a midrange price bracket had a higher cost-recouped percentage than both major and minor kitchen remodel projects? Based on a percentage of the project costs, window and door replacement projects added more value to the resale value of San Diego homes than both major and minor kitchen remodel projects.
Let’s take a look at the numbers from Remodeling Magazine’s 2015 Cost vs. Value Report for San Diego, CA:
Midrange Project
Project | Job Cost | Resale Value | Cost Recouped |
Major Kitchen Remodel | $63,316 | $44,262 | 69.9% |
Window Replacement (vinyl) | $11,646 | $9,147 | 78.5% |
Entry Door Replacement (steel) | $1,394 | $1,344 | 96.4% |
Upscale Project
Project | Job Cost | Resale Value | Cost Recouped |
Major Kitchen Remodel | $124,345 | $78,409 | 63.1% |
Window Replacement (vinyl) | $15,333 | $12,218 | 79.7% |
If you are planning a home improvement project in the near future, and you want to get the most “bang for your resale buck” be sure to research which projects add the most to the resale value of your San Diego home. Window and door replacement rank high on the cost recouped scale and will add great value to your San Diego home.