It’s springtime! The yellow film of pollen covering every surface is a sure sign. Warmer weather brings more action in the real estate market and more people are considering changes and updates to their home. Maybe you have considered updating a bathroom in your home but wondered if you would really be able to recoup your cost if you decided to sell your home down the road. Today we are going to take a look at the return on investment of a bathroom remodel.
Remodeling magazine recently published their findings of a cost vs. value survey they conducted. They found that if you spent between $5,000 and $25,000 on a bathroom remodel in our region, you could expect to recoup approximately 70% of your investment. Now that’s not 100% but it sure is a great percentage. The same survey found that if you spent $25,000-$100,000 to add a bathroom to your home, you could only expect to recoup a little over 50% of your cost.