Homeowners remodel their homes to improve their quality of life. Most hope the renovation adds equity to their home hoping to recoup a portion of the expense.
Over-improving or over-personalizing a home may end up costing a homeowner more money.
The best places to spend money are in the kitchen, the bathrooms and out front with your curb appeal.
Moderate Remodels:
Kitchen Remodel
Cost: $66,196
Resale Value: $41,133
Percentage Recouped: 62.1%
Bathroom Remodel
Cost: $20,420
Resale Value: $13,717
Percentage Recouped: 67.2%
Window Replacement
Cost: $20,526
Resale Value: $14,530
Percentage Recouped: 70.8%
Siding Replcement
Cost: $16,036
Resale Value: $12,119
Percentage Recouped: 75.6%
Roof Replacement
Cost: $22, 636
Resale Value: $15,427
Percentage Recouped: 68.2 %
Deck Addition
Cost: $13,333
Resale Value: $10,083
Percentage Recouped: 75.6%
More projects and resale values
Project Cost Resale Value Recouped
Upscale master bedroom $271,40 $136,820 50.4%
suite addition
Upscale bathroom $87,704 $51,000 58.1%
addition
Backyard patio $56,906 $31,430 55.2%
Entry door $1,826 $1,368 74,9%
replacement
Garage door $3,611 $3,520 97.5%
replacement
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