Project Cost vs.Value
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Remodeling Projects
Cost
vs. Value
Updating and
remodeling kitchens and baths will add the most value to your home. In
some instances, these projects could possibly return more than 100% of
the cost if the home is sold within a year. If the home is kept
longer, returns should increase, according to Remodeling magazine.
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Job
Cost
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Resale
Value
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Cost
Recouped
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Minor
Kitchen Remodel
Replace cabinet doors, oven and cook top, laminate counter tops,
sink, faucet and floor, repaint.
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$8,568
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$8,355
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98%
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Major
Kitchen Remodel
Redesign kitchen, replacing all of the above, plus built in
microwave, custom lighting, island.
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$30,779
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$37,432
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122%
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Bathroom
Remodel
Update existing bath with new tub, toilet, vanity, medicine
cabinet, lighting, tile.
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$9,044
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$10,082
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111%
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Bathroom
Addition
Add a second bath to a house with 1 or 1.5 baths.
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$13,779
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$16,820
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122%
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Master
Suite
In a house with 2-3 bedrooms, add a 24-foot by 16-foot master
suite with walk-in closet, whirlpool tub, separate shower.
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$42,398
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$41,788
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99%
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Two-Story
Addition
First-floor family room and second floor bedroom with full bath.
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$72,817
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$67,655
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93%
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Attic
Bedroom
In a 2-3 bedroom house, convert unfinished attic space with
bedroom and shower/bath.
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$26,734
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$31,440
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118%
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Family
Room Addition
Add a 15- by 20-foot room with skylights, hardwood
tongue-and-groove floor.
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$30,650
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$32,132
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105%
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Deck
Addition
16'x20' deck of pressure-treated pine including built-in-bench,
railings and planter.
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$7,942
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$6,595
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83%
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Replace
Siding
1,250 square feet of new vinyl or aluminum siding and trim.
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$5,099
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$1,717
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30%
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Home
Office
Convert existing room into office with custom cabinetry and
rewiring for electronic equipment
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$8,272
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$5,597
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68%
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Replace
Windows
10 new 3'x5' aluminum-clad windows with trim.
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$7,456
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$7,139
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96%
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Source:
Remodeling magazine, November 1999 Cost vs. Value
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