3 home improvement projects with the highest payoff before and after COVID-19
That kitchen remodeling you’ve been saving for? It may not add as much value to your home today as it would have three years ago. That’s because, generally, returns on investment in home improvement projects are lower now than pre-pandemic. But there are still several upgrades—including a kitchen remodel—that can help homeowners recoup a majority of their investment.
Angi analyzed data from Zonda Media’s Remodeling 2022 Cost vs. Value Report to find the three projects that saw the highest percentage of their costs recouped. The analysis compares cost and return on investment for those projects in 2019 and 2022 to see the status before COVID-19 and in its wake, honing in on the 10 largest cities in the U.S. For 2022, the three projects with the highest cost recouped are garage door replacements, manufactured stone veneer, and minor, midrange kitchen remodels.
Overall, home renovation costs have been steadily increasing overall the past two years, as global supply chains were thrown into disarray by pandemic-era regulations and public health precautions.