Ever wondered if you remodeled your own house or a Michigan foreclosure, “How much will I get back of this check I am writing when I sell?”

The above chart is from Remodeling Contractor, a Chicago based magazine, which serves the remodeling industry.

Add Fireplace - Cost $3,250 – When you sell, you will get back - $4,000
Add Full Bath - Cost $7,300 – When you sell, you will get back - $8,000
Add Greenhouse - Cost $13,500 – When you sell, you will get back - $12,000
Minor Kitchen Remodel - Cost $6,700 – When you sell, you will get back - $6,000
Siding / Insulation - Cost $6,000 – When you sell, you will get back - $6,000
Major Kitchen Remodel -Cost $18,000 – When you sell, you will get back - $16,000
Add Insulation - Cost $1,200 – When you sell, you will get back - $1,000
New Roofing - Cost $3,400 – When you sell, you will get back - $ 2,700
Add Skylights -Cost$2,800 – When you sell, you will get back - $ 2,100
Add Wood Deck - Cost $4,800 – When you sell, you will get back – 3,500
Windows / Doors -Cost $9,750 – When you sell, you will get back - $7,000
Add Room - Cost $28,000 – When you sell, you will get back - $20,000
Remodel Bath -Cost $6,200 – When you sell, you will get back - $4,650
Add Pool - Cost $19,000 – When you sell, you will get back – $6,100

One more reason NOT to blow up too much money or energy rehabbing foreclosures in Michigan since if you notice, most of the times you are not getting too much back from adding all kind of nifty little things that you might personally like in the foreclosure you just bought.

I have seen granite counters in $125,000 homes where the target buyer does not even knows the difference between granite or Corian and actually might have much happier if you did regular counter tops and gave him brand new appliances. Got to know what your buyer wants because they are the ones who make that check come to you when the house flips.