WASHINGTON – March 23, 2016 – 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 homeowners 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%
WASHINGTON – March 23, 2016 – Bathroom remodels and additions may offer some of the fewest paybacks at resale, at least when compared to 20 other popular projects.