 |
|
Remodeling
Values
Certain remodeling
projects will increase the livability and the marketability of a home.
However, some projects will actually increase the value of the home and
allow an owner to recapture the cost of the updating or additions.
The National Association of the Remodeling Industry offers a free brochure
for consumers that suggests basic guidelines to help make planning a remodeling
project easier. To receive a free copy of Selecting a Professional Remodeling
Contractor, write:
NARI
4301 N. Fairfax Drive #310
Arlington, VA 22203.
Their phone number
is 800-966-7601.
| Remodeling Job | Average Job Cost | Average Resale Value | Cost Recouped |
|---|---|---|---|
| Minor Kitchen Remodel |
$6,234
|
$6,551
|
104%
|
| Bath Addition |
$10,552
|
$10,020
|
95%
|
| Major Kitchen Remodel |
$19,261
|
$18,021
|
94%
|
| Bath Remodel |
$7,207
|
$6,109
|
85%
|
| Family Room Addition |
$28,455
|
$24,069
|
85%
|
| Master Bedroom Suite |
$22,060
|
$18,320
|
83%
|
| Attic Bedroom |
$21,904
|
$17,715
|
81%
|
| Deck Addition |
$5,731
|
$4,456
|
78%
|
| Replace Windows |
$7,315
|
$5,289
|
72%
|
| Replace Siding |
$9,052
|
$6,403
|
71%
|
| Sun Space Addition |
$24,929
|
$17,416
|
70%
|
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