Tuesday
Mar222016

5 Home Fixes Not Worth It at Resale

Are you thinking about remodeling? Check out which remodels and additions offer the greatest bang for the buck when you are ready to sell.

Bathroom remodels and additions may offer some of the fewest paybacks at resale, at least when compared to 20 other popular projects.

The best remodeling projects? Download the 2015 Remodeling Impact Report

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)

“Visit HouseLogic.com for more articles like this. Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®."

 
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References (2)

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  • Response
    Home is a precious place for every one even the birds and animals as well as insects also know its importance. To decorate our home is our duty as we can express our feelings towards it by decorating it. I like simple but shining homes.
  • Response
    Very informative blog ,throughing light on report of Remodeling Industry ,who advised to focus on certain points to evaluate their homes .

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