MINNEAPOLIS, MINNESOTA 2023 WEST NORTH CENTRAL AVERAGES
|
PROJECT
|
JOB COST
|
RESALE VALUE
|
COST RECOUPED
|
|---|---|---|---|
| Grand Entrance | Fiberglass | $10,909 $10,782 | $5,238 $4,261 | 97.5% 39.5% |
| HVAC Conversion | Electrification | $18,328 $17,755 | $17,615 $16,629 | 96.1% 93.7% |
| Manufactured Stone Veneer | $11,463 $11,057 | $10,582 $9,926 | 92.3% 89.8% |
| Siding Replacement | Vinyl | $17,813 $16,580 | $15,950 $14,940 | 89.5% 90.1% |
| Minor Kitchen Remodel | Midrange | $27,009 $27,192 | $22,784 $22,711 | 84.4% 83.5% |
| Garage Door Replacement | $4,552 $4,571 | $3,770 $3,562 | 82.8% 77.9% |
| Siding Replacement | Fiber-Cement | $21,451 $19,277 | $17,129 $14,418 | 79.9% 74.8% |
| Window Replacement | Vinyl | $21,609 $20,305 | $16,917 $14,283 | 78.3% 70.3% |
| Window Replacement | Wood | $24,353 $24,495 | $18,610 $15,208 | 76.4% 62.1% |
| Bath Remodel | Midrange | $26,181 $25,102 | $16,491 $14,727 | 63.0% 58.7% |
| Deck Addition | Wood | $16,519 $16,986 | $9,781 $8,157 | 59.2% 48.0% |
| Roofing Replacement | Asphalt Shingles | $31,880 $28,922 | $15,586 $14,599 | 55.7% 50.5% |
| Entry Door Replacement | Steel | $3,674 $3,945 | $1,818 $1,451 | 49.5% 36.8% |
| Roofing Replacement | Metal | $52,822 $47,689 | $23,719 $20,147 | 44.9% 42.2% |
| Bath Remodel | Universal Design | $41,828 $40,458 | $18,100 $16,627 | 43.3% 41.1% |
| Deck Addition | Composite | $25,598 $24,760 | $11,056 $9,407 | 43.2% 38.0% |
| Major Kitchen Remodel | Midrange | $77,739 $78,328 | $31,157 $31,559 | 40.1% 40.3% |
| Bath Remodel | Upscale | $80,013 $78,074 | $26,720 $24,424 | 33.4% 31.3% |
| Major Kitchen Remodel | Upscale | $152,918 $155,014 | $47,554 $46,588 | 31.1% 30.1% |
| Primary Suite Addition | Midrange | $163,887 $160,275 | $49,099 $42,240 | 30.0% 26.4% |
| Bathroom Addition | Midrange | $60,592 $58,189 | $16,461 $16,063 | 27.2% 27.6% |
| Bathroom Addition | Upscale | $109,772 $106,521 | $28,117 $24,491 | 25.6% 23.0% |
| Primary Suite Addition | Upscale | $338,195 $330,246 | $76,982 $65,989 | 22.8% 20.0% |
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