Remodeling Projects That Appeal to Home Buyers

Remodeled Kitchen That Appeals to Home Buyers

The following interior projects REALTORS® ranked highest to lowest as remodeling projects that would appeal to home buyers (listed along with project estimate costs and the potential return on investment at resale):

1. Complete kitchen renovation

  • Cost estimate: $65,000
  • REALTORS® estimated cost recovered: $40,000
  • Percent of value recovered from the project: 62%

2. Kitchen upgrade

  • Cost estimate: $35,000
  • REALTORS® estimated cost recovered: $20,000
  • Percent of value recovered from the project: 57%

3. Bathroom renovation

  • Cost estimate: $30,000
  • REALTORS® estimated cost recovered: $15,000
  • Percent of value recovered from the project: 50%

4. New wood flooring

  • Estimated cost: $5,500
  • REALTORS® estimated cost recovered: $5,000
  • Percent of value recovered from the project: 91%

5. Add new bathroom

  • Cost estimate of project: $59,000
  • REALTORS® estimated cost recovered: $29,750
  • Percent of value recovered from the project: 50%

6. Hardwood flooring refinish

  • Estimated cost: $3,000
  • REALTORS® estimated cost recovered: $3,000
  • Percent of value recovered from the project: 100%

7. New master suite/owners’ suite

  • Cost estimate: $125,000
  • REALTORS® estimated cost recovered: $65,000
  • Percent of value recovered from the project: 52%

8. HVAC replacement

  • Estimated cost: $7,475
  • REALTORS® estimated cost recovered: $5,000
  • Percent of value recovered from the project: 67%

9. Basement conversion to living area

  • Cost estimate: $40,000
  • REALTORS® estimated cost recovered: $25,000
  • Percent of value recovered from the project: 63%

10. Closet renovation

  • Estimated cost: $3,750
  • REALTORS® estimated cost recovered: $2,000
  • Percent of value recovered from the project: 53%

11. Insulation upgrade

  • Estimated cost: $2,100
  • REALTORS® estimated cost recovered: $1,600
  • Percent of value recovered from the project: 76%

12. Attic conversion to living area

  • Estimated cost: $75,000
  • REALTORS® estimated cost recovered: $40,000
  • Percent of value recovered from the project: 53%

IF YOU ARE CONSIDERING BUYING OR SELLING PROPERTY, CONTACT ME AT 954-632-5100.