Home Improvement Paybacks

Before you begin your home renovations, you might want to take a look at the list below to see if you will get the most bang for your buck.

2014 Average Paybacks Mid-Atlantic Region*

Project Payback
Attic Bedroom 76.0%
Basement Remodel 60.0%
Bathroom Addition 54.8%
Bathroom Remodel 50.0%
Deck Addition (wood) 64.0%
Deck Addition (composite) 66.0%
Entry Door Replacement (fiberglass) 70.0%
Entry Door Replacement (steel) 93.0%
Family Room Addition 58.0%
Garage Addition 58.0%
Garage Door Replacement 84.0%
Home Office Remodel 42.0%
Master Suite Addition 57.0%
Minor Kitchen Remodel 68.0%
Roofing Replacement 58.0%
Siding Replacement (vinyl) 69.0%
Sunroom Addition 44.0%
Window Replacement (vinyl) 68.0%
Window Replacement (wood) 67.0%
Second Story Addition 60.0%

While this is an accurate list, your actual payback depends on the real estate market, property values, and the extent of your improvements. Always keep in mind: never increase the value of your home beyond the value of other homes in your neighborhood.

If you need help financing these home improvements, come to Members 1st of New Jersey FCU. We offer Fixed Rate Home Equity Loans and Home Equity Lines of Credit. Apply today!

*Source: www.remodeling.hw.net for 2014, Mid-Atlantic Region