Recouping Remodeling Costs
What’s the payback for remodeling? Remodeling On-Line’s annual report compares construction cost with resale value for 25 common remodeling projects in 60 U.S. markets:
Cost vs. Value Report 2006
Project and % Cost Recouped Mid-Range
Attic Bedroom Remodel 79.90%
Basement Remodel 78.80%
Bathroom Addition 74.90%
Bathroom Remodel 84.90%
Deck Addition 76.80%
Family Room Addition 71.50%
Home Office Remodel 63.40%
Major Kitchen Remodel 80.40%
Master Suite Addition 72.60%
Minor Kitchen Remodel 85.20%
Roofing Replacement 73.90%
Siding Replacement (vinyl) 87.20%
Sunroom Addition 66.30%
Two-Story Addition 83.20%
Window Replacement (wood) 85.30%
Window Replacement (vinyl) 83.70%
Upscale
Bathroom Addition 72.80%
Bathroom Remodel 77.40%
Major Kitchen Remodel 75.90%
Master Suite Addition 72.70%
Roofing Replacement 72.90%
Siding Replacement (fiber cement) 88.00%
Siding Replacement (foam-backed vinyl) 83.10%
Window Replacement (wood) 82.50%
Window Replacement (vinyl) 84.70%
Source: Remodeling Online/Hanley-Wood. Data represents national averages
~ concord carpenter
Source: Remodeling Online. Data represents national averages.