5 Remodeling Projects with the WORST Paybacks

click here for the full report

If you’re anything like me, you may be considering starting a remodeling job around your home. My home was built in the early 1900’s, and could definitely use some modern updates. I figured I would be adding to the value of the house while transforming it into the home of my dreams; I quickly learned that calculating return on investment with remodeling projects isn’t always that black and white, and?some projects don’t recoup their costs as well as others. ?

Before diving into any projects, I?recommend?reading?Remodeling Magazine’s Cost vs. Value Report.?Every year, the magazine compares the average cost of popular remodeling projects with the value those projects retain when the house is sold. I was amazed at the cost that some projects did (or didn’t) recoup when the house was sold. The latest report came out a few months ago, and below are the 5 upscale remodeling projects with the WORST paybacks.?

  • Master Suite Addition ? 52.7% recouped

  • Bathroom Addition ? 53.0% recouped

  • Garage Addition ? 53.6% recouped

  • Roofing Replacement ? 55.5% recouped

  • Bathroom Remodel ? 57.2% recouped

On the other end of the spectrum, upscale remodeling projects that had better cost-recouped percentages were garage doors, window replacements?and siding replacements (including foam-backed vinyl siding). Doing your research before diving into a new remodeling project can help you ensure you are getting the most for your money in the long run.

Consider this: You can recoup 72.4% of the cost of replacing your siding with foam-backed vinyl siding, according to the Cost vs. Value Report.

Sarah Carey

Share
Published by
Sarah Carey

Recent Posts

What is R-Value? The True Definition

Posted on within R-value is "the capacity of an insulating material to resist heat flow.…

1 year ago

5 Factors That Influence the Cost of Vinyl Siding

Posted on within   There are a lot of factors that can affect the total…

1 year ago

What is Fiber Cement Siding? Everything you Need to Know

Posted on within Fiber cement siding, also known as Hardie Board is a siding material…

1 year ago

Can You Paint Vinyl Siding? 5 Factors to Consider

Posted on within If your home is ready for an exterior facelift, painting your vinyl…

1 year ago

The 5 Biggest Problems with Fiber Cement Siding

Posted on within Fiber cement is a siding material that was introduced to the market…

1 year ago

What is Insulated Vinyl Siding? Materials, Pros, Cons, and Installation

Posted on within Choosing new siding for your home is a big decision, one that…

4 years ago