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  • Mortgages
    • Mortgages
      • 10 first-time homebuyer grants and programs
      • 2019 Florida first-time homebuyer assistance programs
      • 2019 New York first-time homebuyer assistance programs
      • 2019 Texas first-time homebuyer assistance programs
      • 3 reasons to work with a mortgage broker
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      • 5 cheap ways to stage your home like a pro
      • 5 essential factors to consider when buying a house
      • 5 indoor remodeling projects with the worst returns
      • 6 home renovations that return the most at resale
      • 6 things you’d better know before you buy a condo
    • Refinancing
      • Interested in doing a cash-out refinance? Know these 7 things
      • Is a HARP mortgage refinance worth the cost?
      • Mortgage rates are falling: Everything you should know about refinancing your loan   
      • Refinance options when you’re underwater
      • Refinancing with the HARP mortgage replacement programs
    • Home Equity
      • 11 ways to protect your home against hurricane damage
      • 4 ways to refinance a HELOC
      • Claim Up To 97k On Your House
      • Little Known Government Programs Could Give Homeowners $97,000* To Upgrade Their House.
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      • You can still get a mortgage with bad credit. Here’s how.
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      • Benefits of goal-setting savings accounts
      • Federal Reserve System holidays 2019
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      • Evans says Fed may have to lower rates if downside risks intensify
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Home Real Estate 5 indoor remodeling projects with the worst returns

5 indoor remodeling projects with the worst returns

1 of 6

Onzeg/Getty Images

Least cost-effective remodels

Which home projects pay back the least money when you sell your home? Every year, Remodeling magazine surveys experts to find out which remodeling projects deliver the best — and the worst — bang for the buck. This year’s results are carried in the Remodeling 2017 Cost vs. Value Report.

The Cost vs. Value Report compares average costs for 29 common remodeling projects, done by professionals, in 99 metropolitan areas.

The report also looks at the average value that each project returns if the house is sold a year after the work is done. Here are the five interior remodeling projects that have the lowest return on investment, according to Remodeling’s 2017 Cost vs. Value Report.

The Bankrate Daily

2 of 6

Universal design bathroom

rilueda/Shutterstock.com

Universal design bathroom
  • Average cost: $15,730
  • Average resale value: $10,766
  • Cost recouped: 68.4 percent

Universal design is the industry term for interior design for people of all ages and abilities. This project takes a 5-by-7-foot bathroom and installs things like grab bars and a shower that can be used by someone in a wheelchair.

Make your bathroom accessible and pay for the work with a home equity line today.

3 of 6

Major kitchen remodel

Artazum/Shutterstock.com

Major kitchen remodel
  • Average cost: $62,518
  • Average resale value: $40,560
  • Cost recouped: 65.3 percent

Want to take an outmoded, 200-square-foot kitchen and spiff it up while adding an island? Doing so will return about two-thirds of the cost at resale.

How do you pay for kitchen remodeling? With a home equity line. Shop today for a home equity line.

4 of 6

Bathroom remodel

pbombaert/Shutterstock.com

Bathroom remodel
  • Average cost: $18,546
  • Average resale value: $12,024
  • Cost recouped: 64.8 percent

Update a 5-by-7-foot bathroom with a new tub, toilet and vanity. Nothing fancy, and no grab bars.

Pay for a bathroom remodel by getting a home equity line today.

5 of 6

Master suite addition

Thomas Barrat/Shutterstock.com

Master suite addition
  • Average cost: $119,533
  • Average resale value: $77,506
  • Cost recouped: 64.8 percent

If you want to add a master suite to the house, it’s going to cost you. This project, calls for adding a 24-by-16-foot master bedroom suite to the house, with a walk-in closet and bathroom with a soaker tub.

6 of 6

Bathroom addition

sonnee101/Shutterstock.com

Bathroom addition
  • Average cost: $43,232
  • Average resale value: $23,283
  • Cost recouped: 53.9 percent

This project brings the least bang for the buck, but when you gotta have a new bathroom, you gotta have a new bathroom. Workers build a new 6-by-8-foot bathroom onto the house.

Need a new bathroom, like, now? Get a home equity line today.

 

Related Links:

  • We pick the toughest and easiest states for first-time homebuyers
  • The 10 worst states for first-time homebuyers
  • 7 things that could turn off homebuyers
Related Articles:

  • Basis of gifted property
  • First-time homebuyers: Best states
  • Must-do’s for homebuyers

 

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