Home improvement ROI chart

[GON]

This is a Home Improvement ROI chart for homeowners looking to sell.in the near term. This is a MACRO chart, I don't know the science behind it. On a MICRO basis, the chart only provides information, as a home that has had everything updated except one bathroom, one more likely than not would get huge returns "finishing" the updates by updating the bathroom.

Did find it interesting both front door and garage doors on the ROI good move list. And it makes sense, both those doors may set the appeal for the entire house.

 

[2strokeNorthstar]

In CA I would rate attic insulation at near 0% ROI. No one cares. The rest seem like reasonable estimates.

 

[Pablo]

Highly variable

If stuff is broke or ugly sure. But every door that doesn’t need replacing won’t give a huge ROI

Curb appeal is always important

Also looks like an improper use of % ROI.

 

[walterjay]

The chart doesn't sit quite right with me.

 

[Pablo]

The chart doesn't sit quite right with me.

Indeed it’s messed up

A 10% ROI (Return on Investment) means that for every dollar invested, you earn a profit of 10 cents. For example, if you invested $1,000, a 10% ROI would result in a return of $1,100 after accounting for the profit.

 

[Zee09]

Most buyers are going to poo poo the improvements to get a cheap price.. I don't like the door color or make, I hate decks. The siding is great but I hate the color.....on and on....
My father and I flipped houses in the 80s and people paid big for dumps because they had a dream and wanted to make it theirs often paying as much for the unimproved as a completed refurb..

 

[wwillson]

Bathroom remodels are much more valuable than the chart says. We did a really great total remodel on the master bath before we sold the house in IL. It was really a fantastic remodel job and not cheap. The wife of the family that bought the house told me when she saw the bathroom she absolutely HAD to have it. They put an automatic escalator in their bid and paid $20k over asking price. They still had $20k of headroom in their escalator. She wanted that bathroom!

 

[JeffKeryk]

My best ROI was getting rid of the lawn and putting in chips. No more watering, no more mowing.
Makes the Atomic Silver look better, too. There's about 5 Japanese Maples in the front yard now...

 

[Lubener]

I doubt a kitchen remodel would yield a 96% ROI. Probably closer to 70%. Many of the figures listed seem too high from what I learned.

 

[Zee09]

I see houses that are really nice in Florida that are ruined by driveways of concrete that need a simple power washing and the owners don't do it or the realtors don't suggest it...

It suggests that the rest of the property hasn't been taken care of even if that isn't the case.

A bad move all the way around

 

[Pablo]

I doubt a kitchen remodel would yield a 96% ROI. Probably closer to 70%. Many of the figures listed seem too high from what I learned.

Math is hard

 

[Pablo]

I see houses that are really nice in Florida that are ruined by driveways of concrete that need a simple power washing and the owners don't do it or the realtors don't suggest it...

It suggests that the rest of the property hasn't been taken care of even if that isn't the case.

A bad move all the way around

That curb appeal needs to sing!

I’ve sold too many houses now. Asking price or above. Not instantly in all markets but point being everything must be buffed and nothing- nothing must detract.

 

[nwjones18]

Unless something is really dragging down the curb appeal I'm inclined to let the new owner do what they want and sell as is. I sold my last house (that I lived in for 12years) without doing anything beyond painting the shudders and replacing the 80's stove/dishwasher with the cheapest stainless options available. I did pressure wash the house/drive way and put new mulch in the flower beds, but that's it. House sold for good money and was on the market for less than a week.

 

[Zee09]

Everything depends on the buyer
Poor color choices and cheap products detract overall

You remodel the bath like in my picture it will be polarizing to say the least. People will over pay or run.

My trick is a few over the top chandeliers..the women fall for nonsense usually..

 

[Nessism1]

I've been dumping truck loads of money into fixing up my house lately. It started with a slow shower drain, which led to a full repipe, replacing all drain plumbing. Then, lining part of the main sewer line to the street. A new pergola, replacing the old rotted one, and converting a porch area into a laundry room. Lastly, hopefully, is full gutters all around the house, and replacing a fence that's rotted away. And trimming the trees. All in, about $70k. I doubt all of this would come back if selling, but I'm pretty sure many buyers would have been put off by the general deterioration of the place before the work was done.

Would replacing the timing chain set on a BMW increase resale value? For techno geeks, maybe. Anyway, it costs money to maintain a house, just as it does with a car.

 

[TnT_M]

Right or wrong I see this chart differently. My take is for landscaping if you spend $1,000 you will get that $1,000 back when you sell. IMO, most home remodels if you contract them out are difficult to recover the cost.

Of course there are examples like @wwillson

This is part of the reason I do most of my own work. Then I’m only trying to recover materials and not labor.

 

[Pablo]

Right or wrong I see this chart differently. My take is for landscaping if you spend $1,000 you will get that $1,000 back when you sell. IMO, most home remodels if you contract them out are difficult to recover the cost.

Of course there are examples like @wwillson

This is part of the reason I do most of my own work. Ten I’m only trying to recover materials and not labor.

That would be 0% ROI

 

[TnT_M]

That would be 0% ROI

Agree. I’m thinking the chart is misleading. I don’t know anyone who’s spent $60k on a kitchen remodel and got $118k for it.

 

[zzyzzx]

It's not always a simple ROI equation. Anything fixable that's going to make a property hard to sell needs to get fix without regard to ROI.

 

[SC Maintenance]

Bathroom remodels are much more valuable than the chart says. We did a really great total remodel on the master bath before we sold the house in IL. It was really a fantastic remodel job and not cheap. The wife of the family that bought the house told me when she saw the bathroom she absolutely HAD to have it. They put an automatic escalator in their bid and paid $20k over asking price. They still had $20k of headroom in their escalator. She wanted that bathroom!

I assume the chart is an average.

If you have the olive Green 70's bathroom its probably 200% ROI to upgrade.

If you simply have a 10 year old builder grade bathroom, your likely better off with a new mirror and tile and leave the rest.