Master Suite Addition and Major Kitchen Remodels Rank High for Grand Rapids in Remodeling’s 2017’s Cost Vs. Value Report.

Posted by Ben Thompson on 01.10.17

Every year when Remodeling Magazine releases its newest Cost Vs. Value Report we study it to see which projects have the top recoup value in the Grand Rapids area. This annual report compares how popular remodeling projects are retaining their value at re-sale throughout the country. The studies are broken down by geographic area and are based on professional remodelers completing the renovation.

The findings in the 2017 Cost Vs. Value Report show that curb appeal updates continue to be worthy investments. It also concluded that more expensive remodeling projects had the biggest improvement in recoup value over last year, which is most likely attributed to the recovering real estate market.

Our review of the upscale remodeling projects Cost Vs. Value chart showed the following as the top five projects in Grand Rapids:

Upscale Master Suite Addition, Average Job Cost: $262,688. Adding on a master suite with features such as a fireplace and sitting area and a bathroom that includes such items as a walk-in shower and free-standing soaker tub yields a 67.7% recoup value.

Upscale Major Kitchen Remodel, Average Job Cost: $119,789.

An upscale kitchen remodel will bring you increased functionality, improved beauty and a healthy return of 64% on your investment.

Upscale Grand Entrance (Fiberglass), Average Job Cost: $8,163

Every visitor sees your front door! Upgrade your front door and exterior trim and make your home more welcoming. An upscale grand entrance will bring you a 62.1% return.

Upscale Vinyl Window Replacement, Average Job Cost: $14,844

Get rid of old, drafty windows and replace them with energy efficient windows and save money on your utility bills.  Upscale vinyl windows have a recoup value of 60.6%

Upscale Garage Door Replacement, Average Job Cost: $3,210

Replacing your garage doors will increase curb appeal and safety. An upscale garage door replacement rings in at a 56.5% return.

For the full Cost Vs. Value report and complete project descriptions, you can download the Grand Rapids report by following this link.

 

 

Topics: News, curb appeal, grand rapids remodeling, kitchen remodel, recoup value, return on investment, thompsonremodeling.com, cost vs value, master suite addition, remodeling return on investment, thompson remodeling grand rapids mi