Recouping your remodeling investment may be your goal when selling your house. But when it comes to resale value, all home improvements are NOT created equal. As a rule, kitchen and bathroom remodels almost always pay back 90% or more of their costs. However, finishing a basement usually pays back less than 50%. Other improvements fall somewhere in between.
PROJECT
|
COST
|
AVERAGE PAYBACK
|
Heat or Air System
|
2,000-4,500
|
75%-100%
|
Minor Kitchen Remodel
|
2,000-8,500
|
94% to 102%
|
Major Kitchen Remodel
|
9,000-25,000
|
90%
|
Add Bathroom
|
5,000-12,000
|
92%
|
Add a Family Room
|
30,000
|
86%
|
Remodel Bathroom
|
8,500
|
77%
|
Add a Fireplace
|
1,500-3,000
|
75%
|
Build a Deck
|
6,000
|
73%
|
Remodel Home Office
|
8,000
|
69%
|
Replace Windows
|
6,000
|
68% to 74%
|
Build a Pool
|
10,000 and up
|
44%
|
Install/Upgrade Landscape
|
1,500 to 15,000
|
30% to 60%
|
Finish Basement
|
3,000 to 7,000
|
15%
|