In recent years the amount of money spent fixing up a home, by homeowners wanting to sell, has been insane.
Value Of Remodeling Project
|Add Bathroom (midrange)||77.8%||66.0%|
|Add Bathroom (upscale)||65.9%||65.5%|
|Bath Remodel (midrange)||69.5%||74.5%|
|Bath Remodel (upscale)||52.9%||65.5%|
|Minor Kitchen Remodel (midrange)||100.5%||90.4%|
|Major Kitchen Remodel (midrange)||72.5%||73.4%|
|Major Kitchen Remodel (upscale)||59.6%||63.3%|
|Deck Addition (wood)||69.7%||65.1%|
|Grand Entrance (fiberglass)||50.6%||80.8%|
|Garage Door Replacement||166.1%||93.2%|
|Window Replacement (wood)||78.8%||81.6%|
|Manufactured Stone Veneer||199.4%||131.4%|
|Roof Replacement (asphalt shingles)||67.5%||76.3%|
As shown in the table above, a midrange bathroom remodel returned 69.5% of the cost. If you spent $10,000 remodeling your bathrooms you would have got back about $7,000, and would have essentially given $3,000 to your real estate agent to promote himself.
If you would like to watch the recorded webinar please see the webinar-net-more-when-selling and please use a real estate agent who wants you to receive more when selling your home.