With tax return season in full gear, many people wonder where those dollars should be invested. If you’ve been considering a home remodel project you might want to know what the return on your investment will garner. The best way to enhance your investment return is to purchase quality products at a great value and that’s what Builder Supply Outlet offers everyday.
The NATIONAL ASSOCIATION OF REALTORS® “2015 Remodeling Impact Report” is a wonderful resource to determine current project costs and cost recovery percentages as well as fun facts such as how satisfied homeowners are with the projects they finished.
Here are just a few examples of the information you’ll find:
Complete Kitchen Remodel or Upgrade
- Top reason for doing the project: to upgrade worn-out surfaces, finishes, and materials.
- Second most common reason: to modernize.
- Most important result: better function and livability.
- You can expect an investment return of 67% on a complete kitchen remodel or upgrade.
Adding a New Bathroom
- Top reason for doing the project: to add features/improve livability.
- Second most common reason: recently moved into home and wanted to customize it.
- Most important result: better function and livability.
- You can expect an investment return of 52% when adding a new bathroom.
Installing New Wood Floors
- Top reason for doing the project: to upgrade worn-out surfaces, finishes, and materials
- Second most common reason: it was time for a change
- Most important result: better function and livability. Close behind are durability and beauty.
- You can expect an investment return of 91% when installing new wood flooring.
Want to learn more about the return on your remodeling investment? Go to 2015 Remodeling Impact Report.