Did you know a recent report on the BEST and WORST home remodeling projects was released by Remodeling Magazine? Your best Return on Investment (ROI) might not be where you think when it comes to remodeling.
For the best ROI, these 5 best remodeling projects will show you the money!
1. Garage door replacement
Cost: $3,470 | Cost Recouped: 98.30%
2. Manufactured stone veneer
Cost: $8,221 | Cost Recouped: 97.10%
3. Deck addition
Cost: $10,950 | Cost Recouped: 82.80%
4. Minor kitchen remodel
Cost: $21,198 | Cost Recouped: 81.10%
5. Mid-range bath remodel
Cost: $16,393 | Cost Recouped: 70.60%
The 5 worst remodeling projects are:
1. Backyard patio (hardscape and landscape)
Cost: $54,130 | Cost Recouped: 47.60%
2. Master suite addition
Cost: $256,229 | Cost Recouped: 48.30%
3. Major kitchen remodel (upscale)
Cost: $125,721 | Cost Recouped: 53.50%
4. Bathroom addition (mid-range)
Cost: $83,869 | Cost Recouped: 54.60%
5. Upscale bathroom remodel
Cost: $61,662 | Cost Recouped: 56.20%
Make sure to spend your money on remodels and updates that will help your house sell at a higher price.
SBG Hack: Deferred maintenance decreases the overall value of your home. Before you go to sell your house complete any deferred maintenance projects and thoroughly clean and de-clutter your house.