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Home Addition Cost vs. Value

 

Home Addition Cost ImageUpdating 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.

 

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