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Remodeling: Cost vs. Value
December 2003

REALTOR Magazine and REMODELING Magazine have teamed up for the six straight year for a report that specifies the costs of various home improvement projects and the estimated percentage return. The projects are midrange in cost. The numbers presented can serve as a “guide line”.

 

Job Cost

Value At Sale

Cost Recouped

Family Room Addition

$62,584

$55,000

87.9

Master Suite Addition

$84,881

$75,000

88.4

Kitchen Remodeled

$48,060

$47,000

97.8

Attic Bedroom

$39,426

$32,000

81.2

Bathroom Remodeled

$11,693

$10,750

91.9

Window Replacement

$10,817

$6,625

61.2

Deck Addition

$6,790

 $5,250

77.3

Siding Replacement

$8,912

$6,500

72.9

Bathroom Addition

$16,793

 $16,500

98.3

Please note that not all remodeling costs can be reflected in the value at sale immediately. Some renovations can take several years to show a return on investment.
For specific questions, just call Laura! 847-359-0147
Laura Weaver Increases Property Value!

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© 2000 - 2012 Laura Weaver, Re/Max Unlimited Northwest - Palatine/Inverness and Barrington/Lake Zurich

 

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