Welcome back to Part 2 of our series which illustrates the ROI (Return On Investment) for a popular Mid-Range Bathroom Remodel in three specific regions. Based on the 2 most recent Remodeling Cost vs. Value Reports, published in January 2017 and January 2016, below please find the respective annual cost/resale estimates for this popular remodel project. We have included both years for comparison purposes.
Mid-Range Bathroom Remodel – Update an existing 5-by-7 foot bathroom. Replace all fixtures to include 30-by-60 inch porcelain-on-steel tub with 4-by-4 inch ceramic tile surround; new single-lever temperature and pressure-balanced shower control; standard white toilet; solid-surface vanity counter with integral sink; recessed medicine cabinet with light; ceramic tile floor; vinyl wallpaper.
2016 Annual ROI (Published January 2017) | |||
---|---|---|---|
Location | Job Cost | Resale Value | ROI |
Tampa | $16,822 | $10,391 | 61.8% |
South Atlantic | $17,020 | $11,256 | 66.1% |
National | $18,546 | $12,024 | 64.8% |
2015 Annual ROI (Published January 2016) | |||
---|---|---|---|
Location | Job Cost | Resale Value | ROI |
Tampa | $16,333 | $12,929 | 79.2% |
South Atlantic | $16,534 | $11,639 | 70.4% |
National | $17,908 | $11,769 | 65.7% |
We hope you found this post to be helpful, informative and interesting … Watch for our next BLOG POST on March 9th as we complete this series, which will cover project and resale figures for a Mid-Range Roof Replacement.
To learn more about Tampa Bay area homes for sale in Spring Hill and Brooksville, located in Hernando County, Florida, visit us @ www.GailSellsFloridaHomes.com …. Be sure to check out our custom, state-of-the-art, MLS Map Search Feature, which you’ll find to be fully functional on any and all of your devices!
Until then… it’s all about YOU!
Source: Remodeling Magazine, 2016 AND 2017 Cost vs. Value Reports, Mid-Range Projects
Copyright 2017 Hanley Wood Media Inc. Complete data from the Remodeling Cost vs. Value Reports can be downloaded free at costvsvalue.com