INSIDER TIPS: 5 UPGRADE INVESTMENTS WORTH THE RETURN

PHOTO:  Alyssa Rosenheck for Oxford Exchange Design 

By Sacha Strebe for My Domaine

Remodeling and where to allocate your investments wisely can definitely be scary and overwhelming, especially without the proper guidance.  Below are the Top 5 renovation investments to get the most bang for your buck according to My Domaine 2017 findings.

PROS
1. UP: Deck Addition (Composite) | 62.2% Return
Job Cost: $17,249
Resale Value: $11,252
Cost Recouped: 65.2%

2. UP: Family Room Addition | 69.3% Return
Job Cost: $89,566
Resale Value: $62,055
Cost Recouped: 69.3%

3. UP: Major Kitchen Remodel | 65.3% Return
Job Cost: $62,158
Resale Value: $40,560
Cost Recouped: 65.3%

4. UP: Master Suite Additon | 64.8% Return
Job Cost: $119,533
Resale Value: $77,506
Cost Recouped: 64.8%

5. UP: Two-Story Addition | 71.1% Return 
Job Cost: $176,108
Resale Value: $125,222
Cost Recouped: 71.1%

CONS
1. DOWN: Basement Remodel | 70% Return
Job Cost: $71,115
Resale Value: $49,768
Cost Recouped: 70%
 
2. DOWN: Backyard Patio | 54.9% Return
Job Cost: $51,985
Resale Value: $28,546
Cost Recouped: 54.9%

3. DOWN: Bathroom Addition and Remodel | 53.9 and 64.8% Return
Job Cost: $43,232
Resale Value: $23,283
Cost Recouped: 53.9%

4. DOWN: Backup Power Generator | 54% Return
Job Cost: $12,860
Resale Value: $6,940
Cost Recouped: 54%

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