2024 Cost vs. Value Report: ROI of Sacramento Renovations

There are three major reasons that homeowners consider renovations: aesthetic or comfort upgrades, necessary or functional fixes, and home resale value. We’re going to focus on addressing that third reason today by reviewing the 2024 Cost vs. Value Report. Whether you’re interested in home renovations to boost the value of your primary residence or for investment properties that you’re looking to rent or resell, this report provides detailed insight into which projects boast the greatest ROI.

At HEX General Contractors, our team has spent decades elevating homes with high-quality renovations across the Sacramento region and Bay Area. Our expertise is comprehensive, from licensed interior design to outdoor deck and patio construction. So here’s our take on the findings from the report, along with how Sacramento and our region compares to national averages in ROI for home improvement projects.

Which Projects Provide the Best ROI?

When it comes to return on investment, not all renovations are created equal. Some projects yield significantly higher ROI than others, especially in our Pacific region. For Sacramento homeowners, focusing on high-ROI projects can ensure that your money is well-spent.

1. Garage Door Replacement
   The most valuable renovation project this year is a garage door replacement, with a staggering 250.7% ROI in our region. With an average job cost of $4,554 and a resale value of $11,417, this project more than pays for itself. This is a quick and cost-effective way to boost your curb appeal and add value.

2. Steel Entry Door Replacement
   Replacing an entry door with a steel model also provides a huge return, at a 249.9% ROI in our region. At an average cost of just $2,402, this update will enhance your home’s security and aesthetics while recouping the cost and then some.

3. Grand Entrance Installation
   While this project costs more than the previous two at an average cost of $11,732, it still produces a substantial ROI at 136.6%. This renovation consists of expanding your front door entrance to include decorative side windows and exterior lighting for greatly elevated curb appeal.

4. Minor Kitchen Remodel
   One of the only interior projects within the top 10, a kitchen remodel is a hugely popular way to increase the comfort and functionality of your daily life while providing a 134.3% ROI. The beauty of this project is that it goes beyond just looks and affects the actual daily function of your life.

5. Fiber Cement Siding Installation
   Replacing the old siding on your home to fiber cement siding can completely change the entire look and feel of your home. It is one of the most visually comprehensive projects you can embark on while providing a substantial ROI of 115.7%.

6. Wood Deck Addition
   Especially in our region, making use of outdoor spaces is a huge opportunity for tangible and intangible ROIs. The sunny weather in Sacramento makes deck additions great options to expand on the usable space in your home, and they boast a positive ROI of 111.1%, so why wouldn’t you?!

7. Midrange Bath Remodel
   The other interior project that cracks the top 10 is a bathroom remodel. Another hugely functional renovation, you can expect a 95.6% ROI when upgrading your bathroom to the oasis of your dreams.

How Valuable Are Sacramento Renovations?

The Pacific region, where Sacramento and the Bay Area are categorized, sees the highest ROI on home improvement projects in the nation. We can attribute this to the continually strong and competitive real estate market and high property values of our region. In fact, among the seven projects reviewed above, our region delivers an average of 37.66% more ROI as compared to the national average. It’s clear that living in our region of the U.S. provides a unique opportunity to make the most of home renovations. This provides a great landscape for investment properties with smart renovations that stretch your dollar, and alleviates the stress from investing into your primary residence with upgrades that match your lifestyle and dreams. Either way, you can be sure of a win-win with these projects.

California’s Trusted Remodeling Experts

At HEX, we understand the Sacramento market and have the expertise to deliver high-ROI renovations that make a difference. From enhancing curb appeal to modernizing your kitchen or bath, we can create beautiful, functional spaces that boost your lifestyle and home’s value. We use top-quality materials and partner with the leading manufacturers to ensure that we provide premium renovation services tailored to your specific needs. Whether you’re looking to sell, rent, or simply enhance your living space, we can help you make wise choices that align with your goals and Sacramento’s market realities.

Ready to discuss your renovation plans? Contact us today for a free estimate, and let’s work together to transform your home into a valuable, beautiful space.