When you spend money on a remodel, it's reasonable for you to expect a return on your investment. While some of this return comes in the form of a custom space built specifically for you, it is also possible to make a substantial financial return, as well.
A well-designed remodel can recoup up to 80% of its total cost in the value it adds to the home. As home values increase, this added cost also grows thanks to compounding interest. Therefore, the longer you wait to sell your home after remodeling, the more value the remodel adds to your home.
Curious how a remodel might affect the value of your home? Use the calculator below to see a side-by-side comparison of how your home's value might change over time, both with and without a remodel.
| Remodel budget ($) |
Remodel budget: The amount of money you are spending on the remodel project.
| Home value before remodel ($) |
Home value before remodel: The current value of your home. You can find this by entering your address in Zillow.
| Immediate cost recouped (%) |
Immediate cost recouped: The amount of value your remodel adds to your home. See the Cost vs Value Report for a detailed breakdown.
| Home hold time (years) |
Home hold time: The amount of time you still own the home after the remodel.
| Average annual appreciation (%) |
Average annual appreciation: Expected yearly increase in value during the hold period. For national averages, see Zillow Home Values.
|RESULTS||WITH REMODEL||WITHOUT REMODEL|
| Home value before remodel |
Home value before remodel: The current value of your home.
| Total cash cost of remodel |
Total cash cost of remodel: The amount of cash spent on the remodel.
| After remodel home value |
After remodel home value: The value of the home including the immediate cost recouped.
| Anticipated value at end of hold time |
Anticipated value at end of hold time: The anticipated value of the home after the hold time entered.
| Increase in value from remodel alone |
Increase in value from remodel alone: The amount of money gained from the remodel alone.
|Total cash gain|