Danielle Groeneweg

Top 6 worst reno’s for the $

According to Bankrate.com, Remodeling Magazine takes note of the newest updates/renovations and calculates the rate of return when home owner’s sell. Below are the top 6 WORST ways to spend money on a renovation or update.
#1) Custom Home Office Addition/Remodel
“Nationally, homeowners spent an average of $28,888 and can expect to recoup about 45.8 percent at resale, according to the report. (Bankrate.com)
#2) Back up generator
“On average, when homeowners have a heavy-duty backup power generator installed, they spend about $14,718, according to the report. Average amount of the price recovered at resale time: 48.5 percent.” (Bankrate.com)
#3) Sunroom Addition
“The national average for a sunroom addition is $75,224, according to the report. Homeowners can expect to recoup about 48.6 percent when they sell.” (Bankrate.com)
#4) Upscale Master Suite Addition
“The average cost is about $232,062, according to the report. Sellers can expect to recover about 52.7 percent at resale.” (Bankrate.com)
#5) Bathroom Addition
“For a moderately outfitted addition with synthetic stone or plastic laminate surfaces, figure parting with about $21,695, according to the Remodeling report. Go upscale, with finishes like premium marble or fine tile, and you can easily spend in the neighborhood of $40,710. Either way, you get about the same return: 53 cents on the dollar.” (Bankrate.com)
#6) Upscale Garage Addition
“The price tag for a top-of-the-line detached two-car with all the trimmings is about $90,053, according to the report. You can expect to recover about 53.6 percent of that when you sell.” (Bankrate.com