Maybe you spent a lot of money remodeling your house. But will you get it all back when it’s time to sell? Here is a look at what remodeling jobs tend to pay back:
- Add a bathroom and pay $5,000 and up, average payback is 92 percent.
- Spend $9,000 or more on remodeling, average payback is 90 percent.
- Add a family room for about $30,000, you’ll get 86 percent back.
- Add a fireplace for $1,500 or more and you’ll get 75 percent back.
- Build a deck for about $6,000 and get 73 percent back when you sell.
- Remodel a home office for $8,000 and you’ll recoup an average of 73 percent.
- Replace windows for $6,000 and you’ll get from 68 to 74 percent back
- Build a swimming pool for $10,000 or more and you’ll get just 44 percent back.
- Install or upgrade landscaping for $1,500 or more and you’ll recoup 30 to 60 percent.
- Finish a basement, and get 15 percent back.
So, if you are planning to sell your home in the near future, you may want to wait on those expensive remodeling jobs you thought would bring you more cash.