Do you remodel and stay....... or sell? How do you know if your remodeling dollars are well spent? How much can you expect to recoup from your investment?
According to the 2009 / 2010 survey published by Remodeling magazine, here's how it breaks down:
For a mid-range priced home, you can expect the average cost and recoup for the following projects:
Average Cost vs Expected Return on your investment
Bathroom Remodel $19,000
Recoup 60% of your costs
Bathroom Addition $48,000
Recoup 56% of your costs
Garage Addition $72,000
Recoup 63% of your costs
Convert a Bedroom to a Home Office $32,000
Recoup 47% of your costs
Major Kitchen Remodel $65,000
Recoup 72% of your costs
Minor Kitchen Remodel $24,000
Recoup 76% of your costs
Window Replacement (vinyl) $13,000
Recoup 74% of your costs
Backup Power Generator $17,000
Recoup 75% of your costs
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