Las Vegas Home Renovations Worth The Investment

 

 

Las Vegas homeowners should figure out the possible increase in the value of their real estate versus the expense of individual changes prior to completing any improvements. Some improvements may be more profitable than others. Below is guidance on Las Vegas home renovations worth the investment.

 

 

Las Vegas Home Renovations Worth The Investment

Property owners often hope to regain the entire amount of money spent onrepairs when it comes time to sell. This is an expected tendency, but it is not supported by reality. Different home repairs add different values, and that increase can vary depending on geographic areas. To obtain a general idea on home renovations worth the investment, below are some nationwide estimates.

National Averages for Mid-range Renovations

The figures below are from the Remodeling Magazine Cost Versus Value Report.

Project Amount Spent Resale Value Percentage of Cost Returned
Basement Remodel $63,378 $42,338 66.8 %
Deck Addition $10,350 $7,259 70.1 %
Bathroom Remodel $40,096 $20,455 51 %
Major Kitchen Remodel $57,494 $37,785 65.7 %
Master Suite Add-on $106,196 $62,874 59.2 %

Identifying Home Renovations Worth The Investment

Another factor determining the value of repairs is the quality and scale. Kitchen projects, for instance, can be completed in varying price ranges resulting in a different return on investment. So, not only might you consider the area of change but also the quality.

Comment balloon 2 commentsArina Hanciulescu • September 08 2015 03:28PM

Comments

Good post regarding what projects bring back more return on the dollar

Posted by David Shamansky, Creative, Aggressive & 560 FICO - OK, Colorado Mtg (US Mortgages - David Shamansky) almost 3 years ago

Good morning, Arina! This is a very informative and well-written post! Thank you for sharing this!

Posted by Katerina Gasset, Get It Done For Me Virtual Services (Get It Done For Me Virtual Services ) over 2 years ago

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