Remodeling Values

Certain remodeling projects will increase the livability and the marketability of a home. 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 suggest basic guidelines to help make planning a remodeling project easier. Their phone number is 800-966-7601.

To receive a free copy of Selecting a Professional Remodeling Contractor, write:

NARI
4900 Seminary Road #320
Arlington, VA 22311

Remodeling Job

Average 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%

Source: Remodeling Magazine's 1992 Cost vs. Value Report, National Association of the Remodeling Industry

 

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Last modified: 01/02/07