When you’re planning on making upgrades to your home, it’s important to consider the return on investment (ROI). Home remodeling ROI refers to the amount of money you might recoup from the cost of your project. ROI can vary widely based on location and other factors, such as the materials used or the amount of labor needed. Knowing rough estimates on ROI for different remodeling projects in Northern California can help you decide what changes to make to your home.
Kitchen remodeling projects can include minor changes, such as refinishing cabinets or installing new countertops. Major kitchen changes, such as reconfiguring the layout, expanding the size, opening up the flow, completely replacing cabinets, appliances, and other fixtures can create a more livable environment. Remodeling costs in the San Francisco Bay area can range from $24,500 to $54,800.
Bathroom Remodel or Addition
Bathroom remodeling projects can be minor upgrades, such as getting a new vanity or changing the lighting. Major upgrades, such as adding square footage or changing the layout may involve changing plumbing and electrical plans. To configure for your family, older bathrooms may need and upgrade to universal design or aging-in-place, such as replacing a bathtub with a walk-in shower for easier accessibility or installing grab bars. The return on investment for bathroom remodels and additions can range from $11,000 to $25,500 in the San Francisco Bay area.
Remodeling projects that involve increasing the square footage of a home may include adding a master suite, separate in-law suite, or other living area inside and out. Other addition options include adding a room to a basement or even adding another story to a home. Check with your local Realtor regarding below grade additions.
These costs vary widely depending on how complex the project is and other factors, such as how large the new space will be. Some areas do not count this living space into the total square footage when you sell.
|Project||Average Cost||Cost Recouped|
|Bathroom Remodel – midrange||$21,000||64%|
|Bathroom Remodel – Universal Design||$35,000||62%|
|Bathroom Remodel – upscale||$67,000||57%|
|Bathroom Addition – midrange||$50,000||54%|
|Bathroom Addition – upscale||$91,000||55%|
|Minor Kitchen Remodel – midrange||$23,000||78%|
|Major Kitchen Remodel – midrange||$68,000||59%|
|Major Kitchen Remodel – upscale||$136,000||54%|
|Master Suite Addition – midrange||$137,000||59%|
|Master Suite Addition – upscale||$282,000||52%|
If you need help choosing the right home remodeling projects for the best ROI, contact Drafting Cafe Architects to learn more about our services or get a free online instant estimate. Our experts can assist you with determining which changes to make to your home to boost its value and allow you to enjoy it more before you sell.