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Remodeling Impact Report





There are many ways for homeowners to approach remodeling projects and even more ways to analyze the projects’ successful outcome. NAR calculated a Joy Score for each project based on the happiness homeowners reported with their renovations. There were numerous interior projects that received a perfect Joy Score of 10: paint entire interior of home, paint one room of home, add a new home office, hardwood flooring refinish, new wood flooring, closet renovation, insulation upgrade, and attic conversion to living area. While some are DIY projects, an attic conversion is one of the most expensive projects to undertake. REALTORS® provided an estimate of the likely dollar value each project would add to the house at resale. In comparing that dollar value to the estimated cost of each project provided by NARI members, a Recovered Project Cost percentage was calculated. For interior projects, the highest percentage cost recovered was from refinishing hardwood floors at 147 percent, new wood flooring at 118 percent, and insulation upgrade at 100 percent.






Click the link below to see the full report.

If you have any specific questions on how a remodel or home improvement project will affect your market value, contact us today. We would be happy to look at comparable homes in your area and create a strategy that generates the most value whenever you decide to sell.


Matt Muren

(314) 853-6050




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12851 Manchester Road, Suite 100

St. Louis, Mo, 63131

(314) 853-6050

info@STLREA.com

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