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NEWS:  Remodeling Statistics

The August 2007 issue of Remodeling ReNewsletter featured a glimpse at remodeling statistics to show how the cost of remodeling your home can add to your resale value and utlimately help re-coup the costs of remodeling!  Here is the full report! 

Remodeling Statistics

 

 

2006 National Averages

Project

Job Cost

Resale Value

% Cost Recouped

                                Mid-Range

 

Attic Bedroom Remodel

$44,073

$35,228

79.9%

Basement Remodel

$56,724

$44,685

78.8%

Bathroom Addition

$28,918

$21,670

74.9%

Bathroom Remodel

$12,918

$10,970

84.9%

Deck Addition

$14,728

$11,307

76.8%

Family Room Addition

$74,890

$53,519

71.5%

Home Office Remodel

$20,057

$12,707

63.4%

Major Kitchen Remodel

$54,241

$43,603

80.4%

Master Suite Addition

$94,331

$68,458

72.6%

Minor Kitchen Remodel

$17,928

$15,278

85.2%

Roofing Replacement

$14,276

$10,553

73.9%

Siding Replacement (vinyl)

$9,134

$7,963

87.2%

Sunroom Addition

$49,551

$32,854

66.3%

Two-Story Addition

$105,297

$87,654

83.2%

Window Replacement (wood)

$11,040

$9,416

85.3%

Window Replacement (vinyl)

$10,160

$8,500

83.7%

                                Upscale

 

Bathroom Addition

$60,535

$44,041

72.8%

Bathroom Remodel

$38,165

$29,529

77.4%

Major Kitchen Remodel

$107,973

$81,896

75.9%

Master Suite Addition

$176,268

$128,096

72.7%

Roofing Replacement

$24,693

$18,012

72.9%

Siding Replacement (fiber cement)

$13,149

$11,573

88.0%

Siding Replacement (foam-backed vinyl)

$11,139

$9,258

83.1%

Window Replacement (wood)

$16,910

$13,952

82.5%

Window Replacement (vinyl)

$13,120

$11,109

84.7%

Source:  Remodeling Online.  Visit at:  www.remodeling.hw.net/


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