Should you remodel your home before you sell??? Today, in Part 1 of 3 of our new blog series, we are happy to share data with you about the ROI (Return On Investment) on a popular home remodeling project…
Mid-Range Minor Kitchen Remodel – In a functional 200 SF kitchen with 30 linear feet of cabinetry and countertops, leave cabinet boxes in place but replace fronts with new raised-panel wood doors and drawers, including new hardware. Replace wall oven, cooktop, and slide-in refrigerator with new energy-efficient models. Replace laminate countertops; install mid-priced sink and faucet. Repaint trim, add wallcovering, and remove and replace resilient flooring.
| 2016 Annual ROI (Published January 2017) | |||
|---|---|---|---|
| Location | Job Cost | Resale Value | ROI |
| Tampa | $19,613 | $16,614 | 84.7% |
| South Atlantic | $19,693 | $15,303 | 77.7% |
| National | $20,830 | $16,699 | 80.2% |
| 2015 Annual ROI (Published January 2016) | |||
|---|---|---|---|
| Location | Job Cost | Resale Value | ROI |
| Tampa | $18,679 | $21,400 | 114.6% |
| South Atlantic | $18,907 | $16,425 | 86.9% |
| National | $20,122 | $16,716 | 83.1% |
We hope you found this post to be helpful, informative and interesting … Watch for our next BLOG POST on February 23th as we continue this series, which will cover project figures for a mid-range bathroom remodel.
To learn more about Tampa Bay area homes for sale in Spring Hill and Brooksville, located in Hernando County, Florida, visit us @ www.GailSellsFloridaHomes.com …. Be sure to check out our custom, state-of-the-art, MLS Map Search Feature, which you’ll find to be fully functional on any and all of your devices!
Until then… it’s all about YOU!
Source: Remodeling Magazine, 2016 AND 2017 Cost vs. Value Reports, Mid-Range Projects
Copyright 2017 Hanley Wood Media Inc. Complete data from the Remodeling Cost vs. Value Reports can be downloaded free at costvsvalue.com