The Return on Your Remodeling Investment

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March 31, 2016

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.