This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

5 Worst Home Renovation Projects

BOSTON ( TheStreet) -- A new bathroom or roof can make your home a lot more pleasant, but don't expect to recover its cost when you sell.

That's because a recent analysis by Remodeling magazine and the National Association of Realtors found that none of 35 upgrades studied will boost your home's value enough to cover the job's nationwide average price.

"You can easily put something in that a buyer is just going to want to rip out," says Judy Moore, a suburban Boston real estate agent and National Association of Realtors board member.

The Remodeling 2012-13 Cost vs. Value Report compares estimated project prices in 81 U.S. markets with how 3,900 Realtors predict a given upgrade will affect a property's value.

While researchers found that some projects offer 100% return on investment or better in certain markets, none do so on a nationwide basis.

We looked recently at the five upgrades that Remodeling found offer the best ROIs. Below is a look at the five that researchers believe offer the worst.

Creating a home office
Projected return on investment: 43.6%

Moore says that while some house-hunters appreciate an elaborate home office, "it's an individual preference. Many people will just use the kitchen table, the basement or an extra bedroom as home offices."

Remodeling estimates that you'll recoup less than half of the $27,300 you'll spend to convert an existing 12-foot-by-12-foot room into a home office with custom cabinets, a 20-foot desktop, a computer workstation, carpeting and communications lines.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $124.24 0.70%
FB $83.01 0.11%
GOOG $555.17 -0.65%
TSLA $190.41 -2.00%
YHOO $44.47 0.61%


DOW 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs