Showing posts with label Home Remodeling. Show all posts
Showing posts with label Home Remodeling. Show all posts

Sunday, March 11, 2007

Home Improvements with the Most Bang for the Buck

If you are fortunate unfortunate enough to have a mortgage and you aren't certain this house will be the one you grow old and retire in, you may want to know which home improvements will translate into a higher sales price (ie ROI=Return On Investment. Let me tell you, you're in luck. I stumbled across a list earlier today and will include it below.

Based on a article in remodeling magazine (yeah I have never heard of it either so take the numbers below as an article of faith):

  1. Minor Kitchen Remodel 88% (ROI) $8,655 (Avg Cost)*
  2. Second-Story Addition 83% (ROI) $73,553 (Avg Cost)
  3. Bathroom Remodel 81% (ROI) $9,135 (Avg Cost)
  4. Bathroom Addition 81% (ROI) $13,918 (Avg Cost)
  5. Family Room Addition 75% (ROI) $30,960 (Avg Cost)
  6. Major Kitchen Remodel 71% (ROI) $31,090 (Avg Cost)
  7. Deck 55% (ROI) $8,022 (Avg Cost)
Note: Return on investment figures are based on one year ROI.
Link to source here.