Home Remodeling Values
Can you recoup the cost of your remodeling project?
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Home Remodeling Projects are a
great way to improve the quality of your life. But will
remodeling your home pay off in the long run? Can you recoup
the costs of home remodeling projects if you decide to sell
your home in the future? What home improvement or remodeling
projects pay off and which ones don't? See the chart below
to find out which remodeling projects will pay off and which
ones are just for comfort......
(continued below)
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|
Home 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
& remodel |
11,444 |
12,000 |
105% |
| Bath Remodeling |
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
Remodeling |
8,627 |
4,000 |
46% |
| Source: Remodeling Magazine's Cost vs. Value Report,
National Association of the Remodeling Industry |
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