Forget a designer chef's kitchen, the top projects promising the greatest returns in resale value are mostly related to a home's curb appeal, according to Zonda's recent cost vs. value report.
"When it comes to adding resale value to a home, exterior replacement projects continue to make the most sense," Clay DeKorne, chief editor of Zonda's JLC Group, said in a statement. "Discretionary projects like an upscale bathroom or kitchen remodel will feel valuable to those who make the selections but won't provide nearly as much return to sellers," DeKorne said.A minor kitchen remodel — such as painting and updating the backsplash — did provide high returns, at 96% of costs recouped. But major upscale kitchen and bathroom remodels did not, the Zonda survey found, with returns of 38% and 45%, respectively.
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