|
 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.
| |
Job
Cost |
Resale
Value |
Cost
Recouped |
Minor
Kitchen Remodel
Replace cabinet doors, oven and cook top, laminate counter tops,
sink, faucet and floor, repaint. |
$8,568 |
$8,355 |
98% |
|
Major
Kitchen Remodel
Redesign kitchen, replacing all of
the above, plus built in microwave, custom lighting,
island. |
$30,779 |
$37,432 |
122% |
|
Bathroom
Remodel
Update existing bath with new tub,
toilet, vanity, medicine cabinet, lighting,
tile. |
$9,044 |
$10,082 |
111% |
|
Bathroom
Addition
Add a second bath to a house with
1 or 1.5 baths. |
$13,779 |
$16,820 |
122% |
|
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. |
$42,398 |
$41,788 |
99% |
|
Two-Story
Addition
First-floor family room and second
floor bedroom with full bath. |
$72,817 |
$67,655 |
93% |
|
Attic
Bedroom
In a 2-3 bedroom house, convert
unfinished attic space into bedroom with
shower/bath. |
$26,734 |
$31,440 |
118% |
|
Family
Room Addition
Add a 16- by 25-foot room with
skylights, hardwood tongue-and-groove floor. |
$30,650 |
$32,132 |
105% |
|
Deck
Addition
16'x20' deck of pressure-treated
pine including built-in-bench, railings and
planters. |
$7,942 |
$6,595 |
83% |
|
Replace
Siding
1,250 square feet of new vinyl or
aluminum siding and trim. |
$5,099 |
$1,717 |
30% |
|
Home
Office
Convert existing room into office
with custom cabinetry and re-wiring for electronic
equipment |
$8,272 |
$5,597 |
68% |
|
Replace
Windows
10 new 3'x5' aluminum-clad windows
with trim. |
$7,456 |
$7,139 |
96% |
By building an addition, you can make your home
more liveable, while increasing its value. It also allows you to
stay in a home and a neighborhood that you like without incurring
the expenses and inconvenience of moving.
If you're adding indoor space, make sure that a
heating and air conditioning (HVAC) professional is brought in to
assess the increased demand that the addition will place on the
present system.
Call: 1-705-533-1633 |