2.6 : Residential Home Improvements
| 2.6.6 |
2010-2011
National Professional Remodeling Cost and Amount Recouped in Resale Value |
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Job Cost |
Resale Value |
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| Envelope |
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($ thousand) |
($ thousand) |
Cost Recouped |
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| Siding
Replacement - Vinyl |
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11.4 |
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8.2 |
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72% |
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| Window
Replacement - Vinyl |
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11.1 |
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7.9 |
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72% |
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| Window
Replacement - Wood |
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12.0 |
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8.7 |
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72% |
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| Roofing
Replacement |
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21.5 |
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12.8 |
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60% |
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| Entry Door
Replacement - Fiberglass |
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3.6 |
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2.1 |
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60% |
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| Entry Door
Replacement - Steel |
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1.2 |
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1.2 |
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102% |
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| Remodel |
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| Minor Kitchen
Remodel |
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21.7 |
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15.8 |
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73% |
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| Major Kitchen
Remodel |
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58.4 |
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40.1 |
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69% |
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| Bathroom
Remodel |
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16.6 |
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10.7 |
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64% |
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| Attic Bedroom
Remodel |
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51.4 |
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37.1 |
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72% |
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| Basement
Remodel |
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64.5 |
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45.2 |
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70% |
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| Home Office
Remodel |
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28.9 |
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13.2 |
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46% |
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| Additions |
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| Deck Addition -
Wood |
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11.0 |
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8.0 |
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73% |
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| Deck Addition -
Composite |
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15.6 |
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10.3 |
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66% |
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| Bathroom
Addition |
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40.7 |
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21.7 |
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53% |
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| Garage Addition |
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60.6 |
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35.9 |
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59% |
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| Sunroom
Addition |
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75.2 |
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36.5 |
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49% |
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| Family Room
Addition |
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85.7 |
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53.6 |
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63% |
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| Master Suite
Addition |
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108.1 |
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68.1 |
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63% |
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| Two-Story
Addition |
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165.2 |
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107.3 |
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65% |
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| Back-Up Power
Generator |
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14.7 |
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7.1 |
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49% |
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| Note(s): |
Job
cost includes labor, material, subtrades, contractor overhead and profit.
Resale value based on a survey of appraisers, sales agents, and brokers. The
survey asked for the estimated increase in resale value of standardized
remodeling projects. Definitions of remodeling projects are available at
costvalue.remodelingmagazine.com. |
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