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Neighbor News

5 Remodeling Projects with the Lowest Paybacks at Resale

I've posted before the projects with the highest returns. Here are those with the lowest.

If you want to get the biggest bang for your remodeling buck, replace the entry door to steel, according to the 2014 Cost vs. Value Report, produced by Remodeling Magazine in conjunction with REALTOR® Magazine. The entry door may cost about $1,162 but home owners could potentially recoup 96.6 percent of that at resale, according to the report.

However, not all remodeling projects offer big paybacks at resale. Remodeling Magazine evaluated 35 of the most popular remodeling projects and the potential payback throughout 101 U.S. cities. But how about the projects that came in at the bottom of that list of 35 remodeling projects?

While all of these remodeling projects may be nice to have, home owners may not want to expect as big as of returns from their remodeling dollars with the following:

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1. Home office remodel

Estimated job cost: $28,000

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Estimated cost recouped at resale: 48.9%

2. Sunroom addition

Estimated job cost: $73,546

Estimated cost recouped at resale: 51.7%

3. Bathroom addition

Estimated job cost: $38,186

Estimated cost recouped at resale: 60.1%

4. Backup power generator

Estimated job cost: $11,742

Estimated cost recouped at resale: 67.5%

5. Master suite addition

Estimated job cost: $103,844

Estimated cost recouped at resale: 67.5%

By Melissa Dittmann Tracey, REALTOR® Magazine

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