What is the average ROI, expressed as a percentage of absolute dollars, of a permanent house improvement?
I own a home in new jersey. So far, we have new kitchen appliances, new floors in the entire downstairs(laminate kitchen, and wood dining and living rooms). new washer and dryer, and a new bathtub ( for my disabled wife, easy access. ) What is an average expected roi percentage?
evry different type of improvement has different avg returns – some are 50%, some are 100% (increase in home value) – appliances are NOT improvements.
why would you care if you are staying in teh house?
new floors don’t add much, since it’s just replacing what was there and the bathtub alone without a full bathroom remodel is very minimal also
I seriously doubt you added hardly added any "resale" value to the house and 10 yrs from now – those things will mean nothing – appliances will be nearing replacement age again and floors will then be 10 yrs old
most of that money spent was barely above regular maintenance and repair, not improvement
June 19th, 2010 at 5:43 am
not much as the only thing you have new that is not required is a new tub. The others are just wants. You need floor coverings whether carpet or wood or tile. This will return about 2% at this point in time
References :
June 19th, 2010 at 6:00 am
evry different type of improvement has different avg returns – some are 50%, some are 100% (increase in home value) – appliances are NOT improvements.
why would you care if you are staying in teh house?
new floors don’t add much, since it’s just replacing what was there and the bathtub alone without a full bathroom remodel is very minimal also
I seriously doubt you added hardly added any "resale" value to the house and 10 yrs from now – those things will mean nothing – appliances will be nearing replacement age again and floors will then be 10 yrs old
most of that money spent was barely above regular maintenance and repair, not improvement
References :