Overview

Quick Takeaways

  • New Master Suite/Owner’s Suite: 50% of value recovered from the project
  • Kitchen Upgrade: 52% of value recovered from the project
  • Bathroom Renovation: 70% of value recovered from the project
  • New Roofing: 107% of value recovered from the project

Source: 2019 Remodeling Impact (National Association of REALTORS®, 2019)

Remodeling research shows that certain remodeling projects have a greater return on investment than others. In order to make informed decisions on which projects to take on during home ownership tenure, or before listing a property for sale, consult recent reports for the most up to date information.

There are a lot of different ways to do the same project, but look to experts for advice on how to finish half-completed work, how to approach new projects, how to choose projects based on sustainability, and how to protect yourself against scams.

Home improvement trends vary over time. Look to reports and indexes to find current design trends, as well as those that hold up well over time.

Consult design websites as well as those of associations specific to remodeling and housing.

The NAR Library & Archives also has a number of books that provide advice, instruction, and narratives on remodeling.

See the References tab for more information.

References

NAR Library & Archives has already done the research for you. References (formerly Field Guides) offer links to articles, eBooks, websites, statistics, and more to provide a comprehensive overview of perspectives. EBSCO articles (E) are available only to NAR members and require the member's nar.realtor login.


2019 Remodeling Impact

New Master Suite/Owner’s Suite
•    Percent of value recovered from the project: 50 percent.

Kitchen Upgrade
•    Percent of value recovered from the project: 52 percent.

Bathroom Renovation
•    Percent of value recovered from the project: 70 percent.

New Roofing
•    Percent of value recovered from the project: 107 percent.

Source: 2019 Remodeling Impact (National Association of REALTORS®, 2019)

Remodeling Impact Report: Outdoor Features (National Association of REALTORS®, 2018)

Remodeling Impact: Animals in Homes (National Association of REALTORS®, 2017)

Return on Investment

Home remodeling ROI: Costs vs. value: Will that remodel really add value to your home? (Consumer Affairs, Apr. 27, 2021)

Think about which areas of your home prospective buyers care about most when deciding where to invest your remodeling dollars. Consider whether your home renovation will appeal to a niche market.

Home Remodeling Projects That Will Bring You the Most Return on Investment (The Washington Post, Jan. 27, 2021)

Through our partnership with HomeAdvisor, we’ve found that the five upgrades with the highest return on investment include garage door replacements (97.5 percent ROI), manufactured stone veneers (94.9 percent), minor kitchen remodeling (80.5 percent), deck additions (75.6 percent) and entry door replacements (74.9 percent).

Cost vs. Value (Remodeling, 2021)

This site compares average costs for 22 remodeling projects with the value those projects retain at resale in 150 U.S. markets.

What Upgrades Increase Home Value? 19 High-ROI Improvements Buyers Love (HomeLight, Nov. 13, 2020)

Remodeling suggestions based on ROI are broken down by upgrades that add space, enhance curb appeal, add style, reduce maintenance hassles, improve efficiency, and cater to trends and demographics.

Home Improvement Tips

Got Half-Done Home Improvement Projects? Here’s Why and How to Finally Finish the Job (realtor.com®, Apr. 16, 2021)

How to evaluate potential projects and plan ahead of time to get them completed.

Top Insurance Tips for Home Renovations (Forbes, Apr. 8, 2021)

Home insurance policies should be updated regarding home improvement projects. Homeowners insurance discounts might apply based on the project. Also, don’t neglect to obtain permits ahead of starting projects

18 Renovation Apps to Know for Your Next Project (Curbed, May 20, 2020)

Apps are available to help with planning, design, professional tips, and provide DIY tools.

BBB Tip: Home Improvement Scams (Better Business Bureau®, Apr. 13, 2020)

Watch out for red flags, ask for references and check them out, and know the law before you hire a contractor.

Remodeling Statistics and Trends

The Top 20 Renovation Trends For 2021 (House & Home, Feb, 2, 2021)

House & Home polled their favorite designers and industry experts to find out what is on trend for the coming year.

2021 Renovation and Remodeling Trends Straight from Google (Rocket Mortgage, Jan. 16, 2021)

“[Rocket Mortgage] gathered data from Google Trends to analyze American renovation and remodeling trends from 2020 to help form insights for 2021 and beyond – in many ways, the lifestyle changes brought on by COVID-19 are bound to last long after life resumes to “normal.”’

Remodeling Market Index (National Association of Home Builders, 2021)

“The Remodeling Market Index (RMI) is based on a quarterly survey of NAHB remodeler members that provides insight on current market conditions as well as future indicators for the remodeling market.”

7 Renovation Trends to Look Out For in 2021 (Architectural Digest, Dec. 30, 2020)

Interior design makeovers, work from home spaces, creating space for multigenerational households, including green solutions, outdoor spaces, and bathroom oases will be popular 2021 renovations.

Remodeling Web Sites

Better Homes and Gardens — One of the premier home and family sites on the web which includes a page dedicated to decorating tips and more.

DIY Network — The source for the best do-it-yourself tips for home renovations.

Joint Center for Housing Studies — JCHS website has information and research on housing market, demographic, and social trends.

realtor.com® —  realtor.com® has information on technology, tips, safety and remodeling tools.

National Association of the Remodeling Industry — Consumers can find remodeling tips, how to find a qualified contractor, frequently asked questions, and much more.

eBooks & Other Resources

eBooks.realtor.org

The following eBooks and digital audiobooks are available to NAR members:

Bathroom Remodeling For Dummies (Kindle, eBook)

Be a Successful Remodeling Contractor (eBook)

The Complete Book of Home Inspection (eBook)

The Complete Idiot’s Guide to Green Building and Remodeling (Kindle, eBook)

Green Remodeling (Kindle, eBook)

How to Increase the Value of your Home (eBook)

Remodeled Homes (eBook)

Trips & Traps When Renovating Your Home (eBook)

Books, Videos, Research Reports & More

The resources below are available for loan through Member Support. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Member Support at 800-874-6500 for assistance.

No Regrets Remodeling: How to Create a Comfortable, Healthy Home That Saves Energy (Berkeley, CA: Energy Auditor & Retrofitter, Inc., 2013) TJ163.5.D86 N6

Not So Big Remodeling: Tailoring Your Home for the Way You Really Live (Taunton Press, 2009) TH 4816 Su8

Renovate to Riches (Hoboken, NJ: Wiley, 2004) HF 5438 D88

Improve the Value of Your Home up to $100,000 (Hoboken, NJ: Wiley, 2003) TH 3401 Ir9i

Remodeling Your Home: An Insider's Guide (Washington, DC: Home Builder Press, 1996) TH 4816 N21r


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The inclusion of links on this page does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this page complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.

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