Many homeowners remodel during the spring and summer, when the weather is cooperative. But whether you plan to do structural improvements, such as replacing the roof, or cosmetic ones, like re-facing kitchen cabinets, it\u2019s essential to consider the payback on your investment first. That\u2019s because not all home-improvement projects translate into a higher price when you decide to sell your home.<\/p>\n
This year\u2019s report compares costs for 20 of the most popular professional mid-range and upscale remodeling projects in 100 U.S. markets\u2014and the results can be surprising.<\/p>\n
For example, you might think that renovating a dated kitchen or adding a bathroom would bring you a higher sales price when you sell. Not necessarily. According to Remodeling, nationally, a major mid-range kitchen remodel (average cost: $63,829) yields $37,637 on resale, for a 59 percent return, while a mid-range bathroom addition (average cost: $44,717) yields 59.9 percent. One reason why: Buyers generally have their own vision for key areas of a home like kitchens and bathrooms and therefore tend not to pay extra for features they plan to change.<\/p>\n
"You might want a kitchen that looks like a 1980s replica from Stranger Things," says Craig Webb, Remodeling\u2019s editor-in-chief. "But the person you\u2019re selling to might hate an avocado and burnt-orange color scheme. So regardless of what you spent, to the prospect that kitchen needs to go."<\/p>\n
The types of projects that yield the most return on investment differ depending on where you live. For example, if you live in Miami, replacing your front door with a new steel door (average cost $1,446) returns $1,996 on sale, for a whopping 138.1 percent return on investment. In Denver, however, it\u2019s a garage-door replacement that recoups the most cost of the projects studied by Remodeling, with a 103.7 percent return. And, in San Diego, if you add manufactured-stone veneer to the street-facing fa\u00e7ade of your home, you\u2019ll yield a 124.1 percent return on investment when you sell.<\/p>\n
"Lots of real-estate professionals will tell you that potential buyers begin forming opinions about a home well before they enter it\u2014or whether to stop and go inside at all," Webb says. "A well-maintained exterior projects good vibes regarding how much TLC you\u2019ve given to the place\u2014and adding distinctive elements, such as a handsome door or stone veneer in a neighborhood where nearby homes are bland, can give you a leg up when you\u2019re seeking a higher-than-average bid."<\/p>\n","protected":false},"excerpt":{"rendered":"
Thinking of sprucing up your home? Many homeowners remodel during the spring and summer, when the weather is cooperative. But whether you plan to do structural improvements, such as replacing the roof, or cosmetic ones, like re-facing kitchen cabinets, it\u2019s essential to consider the payback on your investment first. That\u2019s because not all home-improvement projects […]<\/p>\n","protected":false},"author":11,"featured_media":574,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[475],"tags":[],"coauthors":[1396],"class_list":["post-573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home-projects-contractors"],"_links":{"self":[{"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/posts\/573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/comments?post=573"}],"version-history":[{"count":2,"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/posts\/573\/revisions"}],"predecessor-version":[{"id":576,"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/posts\/573\/revisions\/576"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/media\/574"}],"wp:attachment":[{"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/media?parent=573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/categories?post=573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/tags?post=573"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.yourhome1source.com\/blog\/wp-json\/wp\/v2\/coauthors?post=573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}