To Remodel or Not? Here’s Some Help
Remodeling jobs can help at the time of sale, but how much can you expect to recover?
It can be hard to decide whether it’s worth remodeling that kitchen that is a bit out of date but still functional. Or how about that bathroom with the pink tile? How do you know if you will get your money back when you sell?
The folks at RemodelingOnline.com understand your predicament. So every year they do a survey and publish a list of the remodeling jobs that give you the best return for the investment. Here’s a sampling:
|
Remodeling Job |
Cost |
Cost Recovered |
|
Siding replacement, upscale |
$10,393 |
104% |
|
Bathroom remodel, midrange |
$10,500 |
102% |
|
Major kitchen remodel, midrange |
$43,862 |
91% |
|
Window replacements, midrange |
$9,684 |
90% |
|
Bathroom addition, midrange |
$22,977 |
85% |
|
Master suite, midrange |
$73,370 |
82% |
|
Home office remodel, midrange |
$13,143 |
73% |
Keep in mind that these are national averages, and that the amount you can expect to recover at sale varies by area. The best bet is to check with a knowledgeable realtor before you make the remodeling decision. The “Special” Ed Exit First Realty team has the knowledge and resources to help you make the right choice.
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