Return on Investment for Renovations

Return on Investment for Renovations

Spring has sprung and everywhere you look construction trucks and landscapers are pulling into driveways ready to spruce up a home. My husband and I are currently getting in on the action by receiving quotes on a irrigation system, play structure, and even gathering information on what it will take to turn our unfinished basement into a recreational heaven!  

Have you been thinking about taking on some renovation projects? Below you will find some stats I recently read in USAA Magazine detailing national average cost vs. recouped amount of cost on several popular renovation projects:

Project	National Average Cost	Recouped Amount of Cost
Minor Kitchen Remodel	$21,695	72.8%
Bathroom Remodel	$16,634	64.1%
Master Suite Addition	$108,090	63%
Sunroom Addition	$75,224	48.6%
Home Office Remodel	$28,888	45.8%

*Source: Remodeling Cost vs. Value Report 2010-2011, Remodeling Magazine

Done all you can to your existing home and ready to list it in the Henrico County Real Estate or Richmond Real Estate market? Contact me, Shannon Milligan at Home Sweet Henrico with Keller Williams Realty, and let me light your way to home sweet home!