• Bathroom: 66.7% • Roofing Replacement: 61.1%
Be warned that these projects can prove costly, with the national average cost for jobs on this scale running in the tens of thousands of dollars. Be sure to carefully consider just how much you are willing to spend and what is in demand in your market to maximize the return on such a large investment.
ADDITIONS
Another consideration when looking to add value to your home, as well as make it more functional for yourself, is to add entirely new rooms. Clearly, this is a large step with an even larger investment involved in nearly every possible case. Room additions are not cost-effective if you are planning to sell within the next few years. That said, if you plan on staying where you are for a while to enjoy your additions, they can result in a reasonable ROI. Some are more financially worthwhile than others, as below:
• Primary suite: 30% • Deck: 50.2% • Bathroom: 30.3%
You must also take into consideration that buyers may not have the same taste as you—and even if they do, they only see the finished product and will have little understanding of or interest in what went into creating it. That brings out the need for a slightly deeper understanding of the way these statistics play out in real life. Also, remember that more money spent does not necessarily mean a bigger return. Going back to the kitchen example, a
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