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James Layfield

ASP, CNE
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Spyglass Realty and Investments

The Realty Skinny

Welcome and thanks for taking the time to check out my realty blog. Feel free to comment, ask anything or just soak in the content and hopefully we'll all learn a little more.

Selling? These Remodeling Jobs Aren't Worth the Cost.


April 28th, 2016



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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