Considering any home improvement projects this spring, like renovating your kitchen or bath? It’s worth looking at some data first. In today’s marketplace, you may not fully recoup your remodeling costs at resale time.
For a bathroom remodel, a homeowner can expect to recoup about 70 percent of the cost upon resale, while a major kitchen remodel could return 67.8 percent of the cost, according to the Remodeling 2015 Cost vs. Value Report, which compares the average cost of 36 types of remodeling projects with the value retained at resale in 102 U.S. markets. More here.