Home Fixes Not Worth It at Resale
Home Fixes Not Worth It at Resale
Home Fixes Not Worth It at Resale
Bathroom remodels and additions may offer some of the fewest paybacks at resale, at least when compared to 20 other popular projects.
The National Association of REALTORS® and the National Association of the Remodeling Industry released a report showing some of the home renovation projects that offer the biggest and smallest returns when selling a home.
The report found that installing a new roof and refinishing hardwood floors was worth every penny of the cost at resale. But which of the 20 projects evaluated offered the smallest percentage back when home owners went to sell their home?
Bathroom addition
- Average cost: $50,000
- Recouped at resale: 52%
Master suite addition
- Average cost: $112,500
- Recouped at resale: 53%
Closet renovation
- Average cost: $3,500
- Recouped at resale: 57%
Bathroom renovation
- Average cost: $26,000
- Recouped at resale: 58%
New wood-frame windows
- Average cost: $26,000
- Recouped at resale: 58%
Source: “6 Worst Home Fixes for the Money,” Bankrate.com (March 2016)
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