|
Remodeling Values |
Certain remodeling projects will increase the livability and the marketability of a home. Some projects will actually increase the value of the home and allow an owner to recapture the cost of the updating or additions.
(continued below)
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|
| Remodeling Job | Average
Job Costs | Average
Resale
Value | Cost
Recouped |
|
| Minor Kitchen Remodel |
$ 8,047 |
$ 12,333 |
153% |
| Major Kitchen Remodel |
22,030 |
28,358 |
129% |
| Bath Addition |
11,444 |
12,000 |
105% |
| Bath Remodel |
8,344 |
8,500 |
102% |
| Family Room Addition |
29,451 |
28,333 |
96% |
| Master Bedroom Suite |
34,949 |
30,000 |
86% |
| Siding Replacement |
4,618 |
3,833 |
83% |
| Two-Story Addition |
53,676 |
43,333 |
81% |
| Deck Addition |
5,717 |
4,333 |
76% |
| Attic Bedroom |
22,854 |
17,000 |
74% |
| Window Replacement |
5,614 |
3,667 |
65% |
| Home Office |
8,627 |
4,000 |
46% |
| Source: Remodeling Magazine's Cost vs. Value Report,
National Association of the Remodeling Industry |
|
