Figuring out how to spend your home renovation dollars — which might be limited — is always a challenge. Should I make just cosmetic changes? Should I try to make the house appeal to a certain generation? What will provide the best return on investment?
Check out the 2017 Remodeling Cost vs. Value report for answers.
Remodeling magazine’s annual report estimates the cost of 29 home improvement projects and how much homeowners could anticipate recouping on a renovation when they sell.
This year, realizing that more homeowners are focused on aging and multi-generational households, the report added a new category and looked at the value of incorporating universal design features in a renovated bathroom.
The $15,730 project included:
• Widening the doorway for wheelchair accessibility
• Reinforcing walls to support grab bars
• Installing a zero-threshold shower with a fold-down seat
• Putting in a comfort-height toilet
• Installing a sink with space to allow someone to sit at it
It’s a project that could help you both age more comfortably and stay longer in your house. You also can anticipate recouping $10,766 — 68.4 percent of the project cost — when you sell.