Home Improvement ROI Calculator
Estimate the value your renovation projects add to your home. Compare financing options to make the smartest investment decision.
Expected ROI
85.7%
Industry average for this project
Value Added
$22,282
Estimated home value increase
Net Gain/Loss
-$3,718
Cost exceeds value added
Payback Period
0.3 years
Time to recoup the loss through home appreciation (assuming 3.5% annual growth).
Note: ROI percentages are based on national averages. Actual returns vary by location, quality of work, and market conditions.
Finance with HELOC
✓ Keep cash for emergencies
✓ Interest may be tax deductible
✗ Monthly payment obligation
Pay Cash (Savings)
BETTER OPTION✓ No monthly payments
✓ No interest costs
✗ Depletes emergency fund
Recommendation: Paying cash saves $13,539 in interest costs and avoids monthly payments.
Update with new appliances, countertops, and cabinet refacing
Average: $26,000
Used to calculate opportunity cost of using savings
What you'd earn if you kept money in savings/investments
Quick Tips
- • Projects with 70%+ ROI typically add good value
- • Minor updates often have better ROI than major renovations
- • Curb appeal projects (doors, siding) have excellent ROI
- • Over-improving for your neighborhood reduces ROI
Maximizing Your Renovation ROI
Not all home improvements are created equal. Some projects, like kitchen remodels and deck additions, typically offer a higher return on investment (ROI) than others.
Smart Renovation Tips:
- Focus on Kitchens & Baths: These rooms often sell homes and typically have good ROI.
- Don't Over-Improve: Keep your renovations in line with neighborhood standards to ensure you can recoup the cost.
- Curb Appeal Matters: Projects like new siding, entry doors, and garage doors often have very high ROI.
- Consider Financing Costs: Use this calculator to see if the value added outweighs the interest paid on a HELOC.
Fund Your Project with a HELOC
A Home Equity Line of Credit can be a flexible and affordable way to finance your renovations.