real estate

Home renovation: 6 worst fixes for the money

No. 1: Bathroom addition
Bathroom addition © Iriana Shiyan/Shutterstock.com

No. 1: Bathroom addition

Typical cost: $50,000; 52% recouped at resale

Adding a bathroom from the foundation up isn't a project for the faint of heart. Or the shallow of wallet.

"In my experience, the 2 most expensive rooms of the house are the bathroom and the kitchen," says Justin Fichelson, Realtor with Climb Real Estate Group, who's featured on Bravo's "Million Dollar Listing San Francisco."

"And the bathroom or the kitchen can really make the sale," he says.

With bathrooms in his high-end market, "people want to feel like they're in a spa," Fichelson says. "They want luxury and comfort."

With a moderately priced home, "if you have 3 or 4 bedrooms and add a master bathroom suite, I definitely see some value in that," says Justin Knoll, Realtor with Madison & Company Properties and past president of the Denver Metro Association of Realtors.

And that value tracks, says Knoll. "That's usually what we coach people -- you get about half your money back" at resale."

So have it done years before you sell -- so that you can enjoy it, too, he says. That way, you get your money's worth for the other half, too.

Data source: "2015 Remodeling Impact Report" by the National Association of the Remodeling Industry and the National Association of Realtors

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