No. 6: Upscale bathroom addition
This bathroom is a little larger, and a lot more luxurious than the more modest version, but the percentage that homeowners recoup at resale is almost identical, according to the 2014 cost vs. value report.
At 100 square feet, this project is designed as a master bath. It includes a glass shower with body-spray features and ceramic tile walls, as well as a customized, jetted tub. At a cost of about $72,500, the return is an estimated 61 percent.
This bathroom would include a stone counter with two sinks and two mirrored medicine cabinets, plus a separate water closet with a fan. It has heated, ceramic tile floors, heated towel bars and built-in cabinets.
Since this project adds to the footprint of the home, it's more expensive than converting existing space into a bathroom, Ramsey says.
Part of a master suite
If you're adding this luxury bathroom to the first floor to create a master on the main level, that could be valuable at resale time, he says.
The idea of a main-floor master suite is becoming more and more popular with buyers, says Ramsey. So if adding a master bathroom downstairs enables the homeowner to have a master suite or second master suite on the main level, that luxury bathroom "could be the smarter investment" than the smaller bathroom addition at resale, he says.