Did you know that only some renovations will get you more money when you sell?

Many people when planning to sell their home go through an update and/or renovation. You don't always get your money out of every renovation when you sell. The graph below gives you the average cost compared to the return on the investment of that renovation. Estimates are done based on a sale directly after the renovationis complete. 

PROJECT

ESTIMATED COST

% RECOVERABLE (on Sale)

 

 

 

Add a full bath:

$2,000 - $5,000

 

  To a 1 bath home

(in existing space)

150%

  To a  1 1/2 bath home

 

60%

 

 

 

Add a bedroom

$2,500 - $6,000

 

 

(existing space)

 

 

$10,000 - $15,000+

 

 

(add on space)

 

To 2 bedroom house

 

120-150%

To 3 bedroom house

 

40% - 60%

 

 

 

Add a garage

$7,500 - $15,000

150%

 

 

 

Add a fireplace

$1,500 - $3,000

50%

 

 

 

Finish basement – rec room

$10,000 - $25,000

100%

+ bedroom + bathroom

 

 

 

 

 

Install central air

$2,500 – $4,500

Up to 50%

 

 

 

Repaint frame house

$2,000 - $5,000

300%

 

 

 

Install new exterior siding

$3,000 - $8,000

200%+

 

 

 

Reshingle roof

$3,000 - $8,000

50%

 

 

 

Landscape

$1000 - $4,000

80%

 

 

 

Add a pool (inground)

$20,000+ 

50%

 

 

 

New Kitchen

$6000-$15,000

Up to 150%

 

 

 

New Flooring

$3000 - $8,000

150%-200%

All figures are approximations.  Individual quotes may differ.

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