May 2014 Realty Trivia Challenge

According to a 2014 Remodeling Magazine study, which home renovation project (non-DIY) brings the lowest return at resale?

According to a 2014 Remodeling Magazine study, which home renovation project (non-DIY) brings the lowest return at resale?

a. Sunroom addition
b. Home office remodel
c. Upscale garage addition


Answer: b

The 2014 national average cost to remodel a home office was $28,000.00. The cost recouped on that investment was 48.9%. For an upscale garage addition, homeowners recouped 58.9% and 51.7% for a sunroom addition.

A home office remodel only raises a home’s resale value about $12,000. Considering the return, warn your clients that it may not be worth their money.

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