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.