Tuesday, May 31, 2016

The Worst Home Improvement Projects for Your Money

http://www.msn.com/en-us/money/realestate/the-worst-home-improvement-projects-for-your-money/ar-BBttMQY

I don't love that this article compares mid and upper scales but it might be helpful for you when making remodeling or addition decisions!  I always remind clients that many of these things are done for your personal enjoyment and the next buyer might not value it as much as they do.


MAJOR KITCHEN REMODEL
Cost: $59,999
Resale Value: $38,938
Cost Recouped 64.9 percent**

COMPOSITE DECK ADDITION (MID-RANGE)
Cost: $16,798
Resale Value: $10,819
Cost Recouped 64.4 percent

MASTER SUITE ADDITION (MID-RANGE)
Cost: $115,810
Resale Value: $74,224
Cost Recouped 64.1 percent

MAJOR KITCHEN REMODEL (UPSCALE)
Cost: $119,909
Resale Value: $73,707
Cost Recouped 61.5 percent

BACKUP POWER GENERATOR
Cost: $12,712
Resale Value: $7,556
Cost Recouped 59.4 percent

COMPOSITE DECK ADDITION (UPSCALE)
Cost: $37,943
Resale Value: $21,877
Cost Recouped 57.7 percent

BATHROOM REMODEL (UPSCALE)
Cost: $57,411
Resale Value: $32,998
Cost Recouped 57.5 percent

MASTER SUITE ADDITION (UPSCALE)
Cost: $245,474
Resale Value: $140,448
Cost Recouped 56.7 percent

BATHROOM ADDITION (UPSCALE)
Cost: $79,380
Resale Value: $45,006
Cost Recouped 56.7 percent

BATHROOM ADDITION (MID-RANGE)
Cost: $42,233
Resale Value: $23,727
Cost Recouped 56.2 percent

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