Here are the three worst home improvement projects in terms of return on investment.

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As you know, in our last video we talked about the three best home improvement projects you can do in terms of return on investment. Here the three worst:

3. A major kitchen remodel. The average cost of a major kitchen remodel is $135,000, and the average return is just 53.9% on the dollar. A light kitchen remodel is one of the better upgrades you can make, but if you plan on doing a major kitchen remodel, make sure you’re doing so for your own enjoyment. If you plan on selling your home soon, simple touch-ups like changing out countertops or repainting the cabinets can go a long way.

 

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Your home improvement project
doesn’t need to be huge to get a good
return on investment.

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2. Expanding the entryway. For example, expanding your entryway with a fiberglass door would cost an average of $9,200 but only return 53% on the dollar.

1. A major master bedroom addition. On average, this upgrade costs $282,000 but only returns 51.6% on the dollar. If you’re thinking of expanding your master bedroom into a secondary living room, I urge you to reconsider or at least, as mentioned above, make sure you’re doing so for your own enjoyment.

If there’s a recurring theme here, it’s that your home improvement project doesn’t need to be huge to get a good return on investment.

As always, if you have questions about this or any real estate topic or are thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’m happy to help.