Selling? These Remodeling Jobs Aren't Worth the Cost.
Posted by James Layfield
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Despite how popular they are on TV and to homeowners, bathroom remodels have some of the smallest returns at resale, when compared to other home remodeling projects.
A report recently released by the National Association of REALTORS® and the National Association of the Remodeling Industry indicates which reno jobs have the largest and smallest returns when it comes time to sell.
The report established that putting in a new roof or refinishing hardwood floors were great returns at resale. So which of the 20 projects that were surveyed had the smallest returns on investment?
Bathroom addition
- Average cost: $50,000
- Return on investment: 52%
Master suite addition
- Average cost: $112,500
- Return on investment: 53%
Closet renovation
- Average cost: $3,500
- Return on investment: 57%
Bathroom renovation
- Average cost: $26,000
- Return on investment: 58%
New wood-frame windows
- Average cost: $26,000
- Return on investment: 58%
Source: 2015 Remodeling Impact Report National Association of REALTORS®
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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
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