Modernizing Your Home Increases Its Value
According to the Remodeling 2016 Cost vs. Value Report (www.costvsvalue.com) the following remodel projects generate the of the greatest returns on investment:
Mid Range Projects
AVG. COSTS | COST RECOUPED | |
---|---|---|
Bathroom Addition | $42,223.00 | 56.2% |
Bathroom Remodel | $68,490.00 | 70.4% |
Family Room Addition | $86,615.00 | 67.9% |
Major Kitchen Remodel | $59,999.00 | 64.9% |
Minor Kitchen Remodel | $20,122.00 | 83.1% |
Two Story Addition | $171,056.00 | 69.3% |
Master Suite | $115,810.00 | 64.1% |
Upscale Projects
Avg. Costs | Cost Recouped | |
---|---|---|
Bathroom Addition | $79,380.00 | 56.7% |
Bathroom Remodel | $57,411.00 | 57.5% |
Major Kitchen Remodel | $122,991.00 | 61.5% |
Master Suite Addition | $119,909.00 | 57.2% |
© 2016 Hanley Wood Media Inc. Complete data from the Remodeling 2016 Cost vs. Value Report can be downloaded free at www.costvsvalue.com. Average cost is based on national average.