Home Improvement Costs & Expected Returns

Thinking of making some improvements to your home before putting it up for sale? Adding features, upgrading amenities and updating in general can increase your home’s value, but you won’t necessarily see a dollar for dollar return on your investment when you sell. Which improvements will produce the best return on your investment? Here, we’ll look at a few common improvements and determine whether they’re really worth it in the end. Prices provided are 2018 average costs for the project for the West South-Central region of the U.S.

Bathroom Remodel

Bathroom remodels are relatively high on the list of percentage of costs recovered at sale.

Bath Remodel (Midrange materials & finishes)

  • Job cost: $17,252
  • Value at sale: $12,039
  • % Recouped: 69.5%

Bath Remodel (High-end materials & finishes)

  • Job cost: $57,432
  • Value at sale: $28,486
  • % Recouped 49.2%
Remodeling the Kitchen

Like bathroom remodels, kitchen remodels can also yield a high return, but only under the right circumstances.

Minor Kitchen Remodel (Midrange materials & finishes)

  • Job cost: $19,630
  • Value at sale: $16,006
  • % Recouped: 80.8%

Major Kitchen Remodel (Midrange materials & finishes)

  • Job cost: $60,164
  • Value at sale: $35,829
  • % Recouped: 59.2%

Major Kitchen Remodel (Upscale materials & finishes)

  • Job cost: $119,796
  • Value at sale: $62,327
  • % Recouped: 51.7%
New Roof

A new roof isn’t a very exciting, but it is essential to keep a home safe and sound. Figures given are for a midrange roof replacement

  • Job cost: $19,463
  • Value at Sale: $12,609
  • % Recouped: 64.1%
Master Suite Addition

An expansive master suite has become a sought-after feature in homes.   How much of your investment can you get back?

Moderate Master Suite Addition

  • Job cost: $115,189
  • Value at Sale: $63,251
  • % Recouped: 54.9%

Upscale Master Suite Addition

  • Job cost: $241,841
  • Value at Sale: $109,070
  • % Recouped: 48.3%

The above prices only reflect dollar costs, but don’t include the added costs of time and energy required to plan the improvements, hire contractors, select fixtures and finishes, oversee and inspect the work, and deal with problems and pitfalls that will inevitably come up. Don’t forget to consider the inconvenience of having the home under construction. When you add all that up, the simpler choice is to sell your home as-is without improvements or even repairs. For a quick, no hassle solution, call SellMyHomeToday.com at (972) 643-8320 to sell your home without the hassles.

2018-03-12T12:08:04+00:00