The five projects out of the 20 reviewed that had the greatest cost recovery, including the new roof, are refinishing hardwood flooring (100 percent cost recovery on $2,500), insulation upgrade (95 percent on $2,100), new wood floor (91 percent in $5,500) and a new garage door (87 percent on $2,300).
While the projects with the greatest cost recovery were all under $10,000, the renovations that provided the highest Joy Scores (10 being the highest) were more expensive. The top five interior projects ranked for Joy Scores include: adding a bathroom ($50,000, Joy Score of 10), a complete kitchen renovation ($60,000, Joy Score of 9.8), a new master suite ($112,500, Joy Score of 9.7), hardwood refinish ($2,500, Joy Score of 9.6) and new wood floor ($5,500, Joy Score of 9.5).
Among the exterior renovations, the top five ranked for Joy Scores besides the new roof include: new fiber-cement siding ($19,100, Joy Score of 10), new fiberglass front door ($2,500, Joy Score of 9.7), new steel front door ($2,000, Joy Score of 9.7) and a new garage door ($2,300, Joy Score of 9.5).
Michele Lerner is a freelance writer. To pass on a tip or news item, contact us at firstname.lastname@example.org and put “Town Square” in the subject line.