Remodel Cost vs. Value

The statistics for the 2009-10 remodel cost vs. value model delineates cost-to-construct benchmarks for a set of common remodeling projects, then estimates how much of that investment will be recovered at resale in today's market.

2009-10 National Averages

Job Cost	Resale Value	Cost Recouped	Project	Job Cost	Resale Value	Cost Recouped	Change vs. 2008-09
$46,239	$34,902	75.5%	Attic Bedroom	$49,346	$40,992	83.1%
$13,825	$7,592	54.9%	Backup Power Generator	$14,304	$8,428	58.9%
$58,743	$45,170	76.9%	Basement Remodel	$62,067	$46,825	75.4%
$36,987	$21,410	57.9%	Bathroom Addition	$39,046	$23,233	59.5%
$15,296	$10,765	70.4%	Bathroom Remodel	$16,142	$11,454	71.0%
$15,145	$10,620	70.1%	Deck Addition (composite)	$15,373	$10,904	70.9%
$10,608	$8,395	79.1%	Deck Addition (wood)	$10,634	$8,573	80.6%
$3,423	$2,338	68.3%	Entry Door Replacement (fiberglass)	$3,490	$2,275	65.2%
$1,138	$1,265	111.2%	Entry Door Replacement (steel)	$1,172	$1,470	128.9%
$78,525	$53,169	67.7%	Family Room Addition	$82,756	$54,051	65.3%
$56,141	$35,192	62.7%	Garage Addition	$58,432	$36,361	62.2%
$27,559	$12,814	46.5%	Home Office Remodel	$28,375	$13,648	48.1%
$55,336	$40,382	73.0%	Major Kitchen Remodel	$57,215	$41,260	72.1%
$98,505	$65,628	66.6%	Master Suite Addition	$103,696	$67,578	65.2%
$20,805	$15,944	76.6%	Minor Kitchen Remodel	$21,411	$16,773	78.3%
$17,727	$12,531	70.7%	Roofing Replacement	$19,731	$13,133	66.6%
$10,284	$8,222	79.9%	Siding Replacement (vinyl)	$10,607	$8,476	79.9%
$70,711	$34,537	48.8%	Sunroom Addition	$73,167	$37,118	50.7%
$150,260	$105,494	70.2%	Two-Story Addition	$156,309	$107,286	68.6%
$10,239	$8,006	78.2%	Window Replacement (vinyl)	$10,728	$8,217	76.6%
$11,156	$8,888	79.7%	Window Replacement (wood)	$11,700	$9,044	77.3%

Mountain — Upscale

2009-10 National Averages

Job Cost	Resale Value	Cost Recouped	Project	Job Cost	Resale Value	Cost Recouped	Change vs. 2008-09
$72,758	$41,198	56.6%	Bathroom Addition	$75,812	$43,888	57.9%
$50,286	$30,587	60.8%	Bathroom Remodel	$52,295	$32,196	61.6%
$37,203	$22,703	61.0%	Deck Addition (composite)	$37,745	$22,934	60.8%
$83,431	$46,910	56.2%	Garage Addition	$87,230	$48,762	55.9%
$7,281	$5,151	70.8%	Grand Entrance (fiberglass)	$7,464	$5,135	68.8%
$109,493	$69,083	63.1%	Major Kitchen Remodel	$111,794	$70,641	63.2%
$217,891	$122,463	56.2%	Master Suite Addition	$225,995	$125,793	55.7%
$32,340	$20,934	64.7%	Roofing Replacement	$37,359	$22,610	60.5%
$13,200	$11,031	83.6%	Siding Replacement (fiber-cement)	$13,287	$11,112	83.6%
$12,684	$10,325	81.4%	Siding Replacement (foam-backed vinyl)	$13,022	$10,285	79.0%
$13,076	$10,396	79.5%	Window Replacement (vinyl)	$13,862	$10,601	76.5%
$17,123	$13,024	76.1%	Window Replacement (wood)	$17,816	$12,738	71.5%

What the Numbers Mean

In a typical real estate transaction, the "cost recouped" for a given remodeling project depends on a variety of unpredictable factors, many of which are more important than the construction cost. These factors include the condition of the rest of the house, the value of similar homes nearby, and the rate at which property values are changing in the surrounding area. A home's urban, suburban, or rural setting also affects its value, as does the availability and cost of new and existing homes in the immediate vicinity.

Where resale value is a major factor in a homeowner's decision to remodel, the best course of action is to consult with a local remodeler about construction cost, and ask an experienced Realtor about home prices in the neighborhood.

Remodel Cost versus Value Data Resource:  HomeTech Information Systems

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