WaterWorks Blog

ROI on Bathroom Remodels and Additions Climb in 2014

Posted by Krista Payne on Jan 23, 2014 7:33:49 AM

custom copper skink by Diamond Spas

Remodeling Magazine just came out with their 2014 Cost vs Value Reports for the year and the forecast is looking good for remodelers. These reports can be a valuable tool in deciding on what projects are good investments and the ballpark pricing that these projects will cost.

Some of the biggest trending projects for biggest ROI include finished basements, bathroom remodels and additions and kitchens.

The 2 reports distinguish themselves between a midrange project and a upscale project. If we are looking at a midrange bathroom remodel project, the products are going to be the standard products that can be purchased at Lowes and Home Depot. For example tile, toilets, and in stock bath tubs. Whereas the upscale bathroom project is going to entail more higher end finishes such as granite, custom tile jobs and unique tubs and showers pans.

Personally, my husband and I saw these reports last year and seeing that a basement remodel would give us a 70% ROI gave us the stamp of approval to get er done! Yes there is time and effort and pain in going through any sort of construction but in the end (thank God we are at the end) it is well worth it. We are loving our basement and knowing that when it comes time to sell there will be something in it for us.

Midrange 2014 National Averages
Project Job Cost Resale Value Cost Recouped
Attic Bedroom $49,438 $41,656 84.3%
Backup Power Generator $11,742 $7,922 67.5%
Basement Remodel $62,834 $48,777 77.6%
Bathroom Addition $38,186 $22,940 60.1%
Bathroom Remodel $16,128 $11,688 72.5%
Deck Addition (composite) $15,437 $11,476 74.3%
Deck Addition (wood) $9,539 $8,334 87.4%
Entry Door Replacement (fiberglass) $2,822 $1,997 70.8%
Entry Door Replacement (steel) $1,162 $1,122 96.6%
Family Room Addition $80,765 $55,540 68.8%
Garage Addition $49,911 $34,598 69.3%
Garage Door Replacement $1,534 $1,283 83.7%
Home Office Remodel $28,000 $13,697 48.9%
Major Kitchen Remodel $54,909 $40,732 74.2%
Master Suite Addition $103,844 $70,121 67.5%
Minor Kitchen Remodel $18,856 $15,585 82.7%
Roofing Replacement $18,913 $12,777 67.6%
Siding Replacement (vinyl) $11,475 $8,975 78.2%
Sunroom Addition $73,546 $38,011 51.7%
Two-Story Addition $155,365 $111,579 71.8%
Window Replacement (vinyl) $9,978 $7,857 78.7%
Window Replacement (wood) $10,926 $8,662 79.3%
Upscale 2014 National Averages
Project Job Cost Resale Value Cost Recouped
Bathroom Addition $72,538 $43,936 60.6%
Bathroom Remodel $51,374 $32,660 63.6%
Deck Addition (composite) $35,158 $22,881 65.1%
Garage Addition $82,311 $48,065 58.4%
Garage Door Replacement $2,791 $2,315 82.9%
Grand Entrance (fiberglass) $7,305 $5,163 70.7%
Major Kitchen Remodel $109,935 $69,973 63.6%
Master Suite Addition $224,989 $125,920 56.0%
Roofing Replacement $34,495 $21,731 63.0%
Siding Replacement (fiber-cement) $13,378 $11,645 87.0%
Siding Replacement (foam-backed vinyl) $14,236 $11,124 78.1%
Window Replacement (vinyl) $13,385 $10,252 76.6%
Window Replacement (wood) $16,798 $12,438 74.0%

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