Sunday, September 21, 2014

Remodeling? 5 Projects That Don't Add Up At Resale

5 Remodeling Projects with the Lowest Paybacks at Resale


If you want to get the biggest bang for your remodeling buck, replace the entry door to steel, according to the2014 Cost vs. Value Report, produced by Remodeling Magazine in conjunction with REALTOR® Magazine. The entry door may cost about $1,162 but home owners could potentially recoup 96.6 percent of that at resale, according to the report.
However, not all remodeling projects offer big paybacks at resale. Remodeling Magazine evaluated 35 of the most popular remodeling projects and the potential payback throughout 101 U.S. cities. Check out our prior blog post to view the projects that topped the list: 5 Mid-Range Remodeling Projects That Offer the Biggest Returns. But how about the projects that came in at the bottom of that list of 35 remodeling projects?
While all of these remodeling projects may be nice to have, home owners may not want to expect as big as of returns from their remodeling dollars with the following:
1. Home office remodel
Estimated job cost: $28,000
Estimated cost recouped at resale: 48.9%
2. Sunroom addition
Estimated job cost: $73,546
Estimated cost recouped at resale: 51.7%
3. Bathroom addition
Estimated job cost: $38,186
Estimated cost recouped at resale: 60.1%
4. Backup power generator
Estimated job cost: $11,742
Estimated cost recouped at resale: 67.5%
5. Master suite addition
Estimated job cost: $103,844
Estimated cost recouped at resale: 67.5%
Source: Realtor.org

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