44. Upgrading The Master Suite
Year of Popularity: 1960s-Present
Est. Cost: $10,000-$15,000*
To renovate the master bedroom, you’ll pay anywhere from $10,500 to $15,000. To add a master suite, the cost is far greater, costing $25,000 to $100,000 (the average price is $62,500). These
master suite projects cost anywhere from $80 to $200 per square foot. Bottom line, they’re expensive.
Upgrading The Master Suite ©Thomas Barrat /
But, do they add value that makes the expense worth it? Cost vs. Value report says no. Money Crashers called this type of renovation one of the “worst home improvement projects.” Master suite
renovations give you only around a 63% return on investment. This means that you lose 40% of what you spend. For some homeowners, that’s just not a good enough incentive to shell out the money for a new master suite.