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Compass R e al E s tat e
We all want to believe we’ll get back every penny we put into our homes in upgrades so we don’t have to rationalize the cost. Luckily, the
Remodeling Impact Report provides a more realistic perspective.
TEX T BY STACY W YNN
1. The Kitchen: Limit the cost of the project to no more than 20% of
the home’s value and you can expect to get about 85% return.
2. The bathroom: The national guideline is to keep upgrades
under $20,000 to get 80% ROI. Obviously, luxury homes will be
3. Patios & Decks: These can range from thousands to tens
of thousands. Look around you and don’t overbuild for the
neighborhood to get up to 80% return.
4. Front Door: Replacing a tired front door or upgrading a plain one
significantly enhances a home’s first impression and can pay back
as much as 75% of the cost.
5. Garage Door: This is one of the most profitable home investments
you can make. On average, you’ll yield a whopping 87% on the
investment. 6. Windows: Energy-efficient and impact windows will not only save
on energy costs now but, on average, give a minimum of 70%
return. 7. New Siding: Got a classic Florida home with an aging wood
exterior? Vinyl siding returns up to 83%, while fiber-cement siding
pays back 79% and is termite-proof.
8. More Space: Adding on, whether it’s a bathroom, large master
bedroom or any other room, can pay up to 90+% ROI if completed
with permits, depending on the location and current market.
Whether you want to
upgrade to a bigger
home on Key Biscayne
or experience living on
the island for the first
time, these properties
may be what you’re
46 CLUB TOWER II
$2,900,000 3 BD + 4.5 BA
Doug Kinsley / Cristian Gonzalez
305.215.5900 / 305.775.3426
$8,050,000 6 BD + 6.5.5 BA
305.393.6032 OCEAN TOWER II
$10,500,000 4 BD + 5.5 BA
Asian Pergola hot tub
Jacquie C. Gallardo