Cost Vs Value

What will a remodeling project add to the value of your home? There are many things that impact how much return on investment a homeowner can expect from a remodeling project. The numbers below are from Remodeling Magazine's 2007 Cost Vs Value report. The numbers are approximations and relevant to the specific area and home values.

Project Midrange	Job Cost	Resale Value	Cost Recouped
Attic Bedroom Remodel	$49,897	$34,204	68.5%
Basement Remodel	$62,801	$38,398	61.1%
Bathroom Addition	$39,522	$22,774	57.6%
Bathroom Remodel	$16,631	$11,147	67%
Family Room Addition	$83,494	$51,630	61.8%
Garage Addition	$56,290	$33,080	58.8%
Home Office Remodel	$28,305	$14,007	49.5%
Major Kitchen Remodel	$57,496	$40,704	70.8%
Master Suite Addition	$104,666	$64,001	61.1%
Minor Kitchen Remodel	$21,863	$16,010	73.2%
Roofing Replacement	$19,673	$11,208	57%
Siding Replacement	$10,083	$8,017	79.5%
Sunroom Addition	$72,276	$37,833	52.3%
Two-Story Addition	$146,337	$95,364	65.2%
Window Replacement - Vinyl	$11,011	$7,894	71.7%
Window Replacement - Wood	$12,146	$8,758	72.1%

Project Upscale	Job Cost	Resale Value	Cost Recouped
Bathroom Addition	$76,793	$48,864	63.6%
Bathroom Remodel	$52,839	$32,458	61.4%
Garage Addition	$86,532	$47,696	55.1%
Major Kitchen Remodel	$111,953	$74,497	66.5%
Master Suite Addition	$228,564	$132,123	57.8%
Roofing Replacement (steel)	$36,449	$20,588	56.5%
Siding Replacement (fiber-cement)	$13,404	$11,040	82.4%
Siding Replacement (foam-backed vinyl)	$12,243	$9,381	76.6%
Window Replacement - Vinyl	$14,289	$10,212	71.5%
Window Replacement - Wood	$18,271	$12,922	70.7%

© 2007 Hanley Wood, LLC. Reproduced by permission. Complete city data from the Remodeling 2007 Cost vs. Value Report can be downloaded for free at costvalue.remodelingmagazine.com.