Home Upgrades – Are They Worth Your Time?
There are always a few questions that enter the minds of those homeowners thinking about selling their home… Will the improvements deliver the comfort you’re looking for? Would it make more sense to move homes over upgrading yours? Will the renovations provide you with the return you are seeking when you decide to sell your home?
The table below will help you find the answer to some of these questions. In the future this should help you in the future so you know which rooms to focus on with your renovations and which can offer you the greatest return on your investment.
Keep in mind the time it takes between when the upgrades happened and the sale, as we well as proper maintenance and changing styles, should be factored-in when reviewing the chart and the potential return.
% Recovered On Resale
|Kitchen||$10,000+||75% to 100%|
|Bathroom||$10,000+||75% to 100%|
|Roof Shingle Replacement||$2.50 – $10||50% to 80%|
|High-Efficiency Furnace||$3,500 – $7,000||50% to 80%|
|Windows Replacement||$40 – $120 / Sq. Ft||50% to 75%|
|Deck||$25 – $500/ Sq. Ft||50% to 75%|
|Hardwood Flooring||$5 – $15 / Sq. Ft||50% to 75%|
|Central Air Conditioning||$3,000 +||50% to 75%|
|Finished Basement||$20 – $35/ Sq. Ft||50% to 75%|
|In ground Pool||$20,000 – $40,000||10% to 40%|
|Skylights||$3,000 +||0% to 25%|