When you’re spending money on your home, whatever you do, you want the improvement to give you the biggest remodeling returns for your buck. We’re going to break it down for you here so that you can see what gives you the most return courtesy of Realtor.com.
Let’s start at the top and work down.
New roof – 71.7% return (but you can’t live in a house that has active leaks which can lead to mold and a host of other issues)
Fiberglass attic insulation – 116.9% (you’ll save money on your electric bill)
Master suite addition – 64.1% – (can run you over $100,000!)
Entry door replacement – fiberglass 82.3% and steel 91.1% (a new door modernizes and refreshes a home)
Adding a second story (now that’s pricey!) – 69.3% (Average job costs around $171,000
Adding a deck – wood – 75% or composite 56.2%
Family room addition – 67.9% (costs around $86,000)
Major kitchen remodeling – 64.9% (major remodeling is around $70,000)
Minor kitchen remodeling job – 83.1% (minor remodeling is around $20,000)
Additional bathroom – 56.2%
Bathroom remodel – 65.7%
These are just estimates of the costs for these remodeling jobs in Florida. If you’d like something more specific, call a contractor or check out this link for costs in Miami (there wasn’t a Naples link).
So, is it worth it? If the changes improve your life and make you happier in your home, then yes they are. Not only will you get to use and enjoy your new and improved home but you’ll recoup some of your costs when you sell – getting a nice rate of return on your remodel. And that’s how you get the biggest remodeling returns for your hard earned cash!
Mike & Anna
239.293.0246
