2019 Minneapolis Remodeling Costs Guide

Wonder what it will cost to achieve your remodeling dream? Interested in how much of the investment you could recoup if you sold your home in the next few years?  Then you will want to check out the Remodeling 2019 Cost vs. Value Report

Each year, the big construction industry publisher and data cruncher, Hanley Wood, uses a popular construction-estimating tool to estimate the average cost of a number of common remodeling and replacement projects. Then it asks real estate brokers to predict what the improvements will be worth at resale. Best of all, the national study adjusts both costs and values by metropolitan area, so you can browse numbers for Minneapolis, the region or the country. 

If you were to compare the latest study with the one they released a year ago, you would learn that costs rose. Blame trade wars or the shortage of skilled labor. It’s not because remodelers are padding our profit margins.

To gain insights from the data, consider what is and is not included in each project description.  If your kitchen is twice the size of the example or a load-bearing wall must be removed, your project will cost more.  Also keep in mind that the data was collected last year.

Sample Minneapolis Remodeling Project Costs
Mid-range kitchen remodel            $72,659

Mid-range bath remodel                 $23,713

Composite deck addition                $21,723

Bathroom addition                           $55,261

Wood windows                                  $22,001

Projects that retain the most value are relatively low-cost exterior facelift items that improve curb appeal and first impressions among prospective homebuyers. This includes garage doors, manufactured stone veneer accents and entry door. A minor kitchen facelifts is the highest rated interior project on the payback scale.