Our Real Estate Blog

Home Improvement Projects Resale Values

December 29th, 2007 12:40 PM by Lehel Szucs

I think it is always interesting to see and know what impact certain home improvement projects have on home values.  Below is a current chart of the national average of home improvement costs and their resale value.  This data came from http://www.costvsvalue.com/losangeles.html.

2007

National Averages

Project
Midrange

Job
Cost

Resale
Value

Cost
Recouped

Attic Bedroom Remodel

$46,691

$35,771

76.6%

Back-Up Power Generator

$13,357

$7,748

58%

Basement Remodel

$59,435

$44,661

75.1%

Bathroom Addition

$37,202

$24,553

66%

Bathroom Remodel

$15,789

$12,366

78.3%

Deck Addition - Wood

$10,347

$8,835

85.4%

Family Room Addition

$78,989

$54,148

68.6%

Garage Addition

$53,897

$37,461

69.5%

Home Office Remodel

$27,193

$15,498

57%

Major Kitchen Remodel

$55,503

$43,363

78.1%

Master Suite Addition

$98,863

$68,172

69%

Minor Kitchen Remodel

$21,185

$17,576

83%

Roofing Replacement

$18,042

$12,166

67.4%

Siding Replacement

$9,910

$8,245

83.2%

Sunroom Addition

$69,817

$41,231

59.1%

Two-Story Addition

$139,297

$103,010

73.9%

Window Replacement - Vinyl

$10,448

$8,290

79.3%

Window Replacement - Wood

$11,384

$9,241

81.2%

Project Upscale

Project

Job Cost

Resale Value

Cost Recouped

Bathroom Addition

$73,145

$50,442

69%

Bathroom Remodel

$50,590

$34,588

68.4%

Deck Addition - Composite

$15,039

$11,672

77.6%

Garage Addition

$82,108

$53,056

64.6%

Major Kitchen Remodel

$109,394

$81,096

74.1%

Master Suite Addition

$220,149

$141,120

64.1%

Roofing Replacement (steel)

$33,151

$21,769

65.7%

Siding Replacement (fiber-cement)

$13,212

$11,633

88.1%

Siding Replacement (foam-backed vinyl)

$12,132

$9,668

79.7%

Window Replacement - Vinyl

$13,479

$10,913

81%

Window Replacement - Wood

$17,383

$13,784

79.3%

Posted in:General
Posted by Lehel Szucs on December 29th, 2007 12:40 PM

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