There are many ways for homeowners to approach remodeling projects and even more ways to analyze the projects’ successful outcome. Every year, the National Association of REALTORS®’ releases a Remodeling Impact report, which shows the following are the projects that are most worth the time and money.
For this report, REALTORS® are asked to rank interior projects in terms of their appeal to buyers. REALTORS®’ rankings matched closely with what homeowners themselves said. NAR calculated a Joy Score for each project based on the happiness homeowners reported with their renovations.
Finally, 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.
The full report may be found here: https://www.nar.realtor/research-and-statistics/research-reports/remodeling-impact