Here is a quick cheat sheet to maximize your return with your renovation investment. Our Renovation Guide. Sometimes we wonder what the cost of re-doing the kitchen or painting the house is worth it. Below, we've outlined some quick estimates for renovation jobs that may help to if it's worth to spend the extra money to fix your home.
KITCHEN RENOVATION
Best return on investment when considering functionality
(Cabinets, flooring, countertop, appliances, lighting)
Average quality
$15,000–30,000
75–95%
High quality
$40,000–70,000+
40–60%
PAINT
Least expensive renovation with the biggest bang for your buck
Best return – Home interior
$3,000–5,000
80 –110%
ASPHALT ROOF
Best return – Home exterior
Asphalt (25–30 yrs / $3–4/sq. ft)
$4,000–5,000
75–95%
ELECTRICAL SERVICE UPDATE
(60 –100 amps)
Best return – Electrical, mechanical, plumbing
FENCE
(pressure treated)
Best return – Landscaping
$1000-$2500 depending on size of yard
DOUBLE-DETACHED GARAGE (heated, insulated, slab)
Best return – Garages, sunrooms, additions
New 24’x24’ double detached garage (heated, insulated, slab)
$25,000–35,000
60–80%
BASEMENT REDEVELOPMENT
(Drywall finish, paint, 3-piece bathroom, 2 bedrooms, family room,
carpet, vinyl, drop ceiling tile)
$35,000–50,000
$30–45 /sq. ft
50 –75%
HOT WATER TANK
Mid-efficiency, natural draft (40–50 imperial gallons)
$1,000–1,200
50 –75%
High-efficiency, power direct vent (40–50 imperial gallons)
$1,500–2,000
60–80%
Tankless on-demand
$8,000–10,000
65–85%
Posted by AMANDA KU on
Leave A Comment