Remodeling Impact Report

There has been a study of 20 remodeling projects. Guess what? Only two of them yield 100% of the money you've invested in them - refinishing hardwood floors and putting on a new roof!

This is important, especially if you're considering a large scale remodeling project. You might be better off moving rather than tackling a gigantic project.

Remember, it's about more than dollars and cents. It's about you! You're not going to recoup your money, but it may be worth the lifestyle change that it affords you.

Check out the list from the 2015 Remodeling Impact Report from the National Association of Realtors.

Interior Projects

Project/Upgrade

NARI's Cost Estimate

REALTORS estimated costs recovered

New Master Suite/Owner's Suite $112,500 $60,000
Kitchen Upgrade $30,000 $20,000
Complete Kitchen Renovation $60,000 $40,000
Bathroom Renovation $26,000 $15,000
Add New Bathroom $50,000 $26,000
Basement Conversion to Living Area $36,000 $25,000
Attic Conversion to Living Area $65,000 $40,000
Insulation Upgrade $2,100 $2,000
Closet Renovation $3,500 $2,000
New Wood Flooring $5,500 $5,000
Hardwood Flooring Refinish $2,500 $2,500
HVAC Replacement $7,000 $5,000

 

Exterior Projects

Project/Upgrade

NARI's Cost Estimate

REALTORS estimated costs recovered

New Steel Front Door $2,000 $1,500
New Fiberglass Front Door $2,500 $1,500
New Garage Door $2,300 $2,000
New Vinyl Siding $12,000 $10,000
New Fiber-Cement Siding $19,100 $15,000
New Roofing $7,600 $8,000
New Vinyl Windows $15,000 $12,000
New Wood Windows $26,000 $15,000
     
Cape Cod's Real Estate Resource
Create Free Account or
Choose Your Agent (optional)
By using our site, users agree
to the terms and privacy policy
Equal Housing Opportunity Realtor MLS
Sign-In or