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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 |
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% |
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Major Kitchen Remodel
Redesign kitchen, replacing all of the above, plus
built in microwave, custom lighting, island. |
$30,779 |
$37,432 |
122% |
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Bathroom Remodel
Update existing bath with new tub, toilet, vanity,
medicine cabinet, lighting, tile. |
$9,044 |
$10,082 |
111% |
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Bathroom Addition
Add a second bath to a house with 1 or 1.5
baths. |
$13,779 |
$16,820 |
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. |
$42,398 |
$41,788 |
99% |
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Two-Story Addition
First-floor family room and second floor bedroom with
full bath. |
$72,817 |
$67,655 |
93% |
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Attic Bedroom
In a 2-3 bedroom house, convert unfinished attic space
into bedroom with shower/bath. |
$26,734 |
$31,440 |
118% |
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Family Room Addition
Add a 16- by 25-foot room with skylights, hardwood
tongue-and-groove floor. |
$30,650 |
$32,132 |
105% |
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Deck Addition
16'x20' deck of pressure-treated pine including
built-in-bench, railings and planters. |
$7,942 |
$6,595 |
83% |
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Replace Siding
1,250 square feet of new vinyl or aluminum siding and
trim. |
$5,099 |
$1,717 |
30% |
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Home Office
Convert existing room into office with custom
cabinetry and re-wiring for electronic equipment |
$8,272 |
$5,597 |
68% |
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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
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