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Home Remodeling Projects – Are They Worth It? – Part 2 of 3

Welcome back to Part 2 of our series which illustrates the ROI (Return On Investment) for a popular Mid-Range Bathroom Remodel in three specific regions. Based on the 2 most recent Remodeling Cost vs. Value Reports, published in January 2017 and January 2016, below please find the respective annual cost/resale estimates for this popular remodel project. We have included both years for comparison purposes.

Mid-Range Bathroom Remodel – Update an existing 5-by-7 foot bathroom. Replace all fixtures to include 30-by-60 inch porcelain-on-steel tub with 4-by-4 inch ceramic tile surround; new single-lever temperature and pressure-balanced shower control; standard white toilet; solid-surface vanity counter with integral sink; recessed medicine cabinet with light; ceramic tile floor; vinyl wallpaper.

2016 Annual ROI (Published January 2017)
Location Job Cost Resale Value ROI
Tampa $16,822 $10,391 61.8%
South Atlantic $17,020 $11,256 66.1%
National $18,546 $12,024 64.8%
2015 Annual ROI (Published January 2016)
Location Job Cost Resale Value ROI
Tampa $16,333 $12,929 79.2%
South Atlantic $16,534 $11,639 70.4%
National $17,908 $11,769 65.7%

We hope you found this post to be helpful, informative and interesting … Watch for our next BLOG POST on March 9th as we complete this series, which will cover project and resale figures for a Mid-Range Roof Replacement.

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