Minneapolis, Minnesota (PRWEB) January 29, 2013
Nationwide, the most sought after home improvement projects for 2013, based on total expenditures, include kitchen upgrades, bathroom remodels and master bedroom suite additions, according to current research released by Remodelers Magazine's highly regarded annual Remodeling Cost Vs. Value Report for 2013.
Liz Sprenger, Destiny Homeslead home designer and part owner, says, “The role of bathrooms has transitioned to one of comfort and luxurious moments; bathroom remodels are sought for providing a relaxing and rejuvenating experience. Consumers are spending more time using their bathroom time for spa moments of peace and a place to unwind and prepare for life's busier activities.”
Bathroom Remodeling Cost Vs Value According to Remodelers Magazine
Measured against stabilizing house values, bathroom remodeling projects are increasing as bathrooms are one room that everyone uses multiple times in a given day.
An upscale bathroom remodel that costs $50,007 has a resale value of $29,162 at a cost recoup of 58.3%.
- A mid-range bathroom remodel rough costs $15,782 with a resale price of $10,295 at a cost recoup of 65.2%
- A mid-range bathroom addition average cost of
Rating: 3 out of 5