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Remodeling That Pays
Information for Sellers
Upgrading your home is always appealing, but which enhancements get you the best return for your money when it’s time to sell? The 2004 Cost vs. Value Report by Remodeling magazine and REALTOR® Magazine has the answer.
Here are the national averages for 10 of the projects in the 2004 report (if you'd like the complete article, please email us and we'd be happy to send it to you):
MAJOR KITCHEN REMODEL
National Average
Job cost: $42,660
Value at sale: $33,890
Cost Recouped: 79.4%
BATHROOM REMODEL
National Average
Job cost: $9,861
Value at sale: $8,887
Cost Recouped: 90.1%
MASTER SUITE ADDITION
National Average
Job cost: $70,245
Value at sale: $56,257
Cost Recouped: 80.1%
FAMILY ROOM ADDITION
National Average
Job cost: $52,562
Value at sale: $42,347
Cost Recouped: 80.6%
WINDOW REPLACEMENT
National Average
Job cost: $9,273
Value at sale: $7,839
Cost Recouped: 84.5%
ROOFING REPLACEMENT
National Average
Job cost: $11,376
Value at sale: $9,197
Cost Recouped: 80.8%
ATTIC BEDROOM
National Average
Job cost: $35,960
Value at sale: $29,725
Cost Recouped: 82.7%
BASEMENT REMODEL
National Average
Job cost: $47,888
Value at sale: $36,457
Cost Recouped: 76.1%
SUNROOM ADDITION
National Average
Job cost: $31,063
Value at sale: $22,002
Cost Recouped: 70.8%
DECK ADDITION
National Average
Job cost: $6,917
Value at sale: $6,000
Cost Recouped: 86.7%
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