Remodeling

Cost vs. Value Report

2010-11

as adapted from REALTOR Magazine

 

TOP 5: First Impressions Matter

 

The following top 5 projects top this year's Cost vs. Value Report, by Remodeling magazine.

 

#5 - Wood Deck Addition

#4 - Minor Kitchen Remodel

#3 - Fiber Cement Siding Replacement

#2 - Garage Door Replacement

 

and.... (#1 is at the bottom of this page, but check out these Cost vs. Value items for Louisiana and the W. South Central Region)

 

West South Central Region

 

MidRange Project	Job Cost	Resale Value	Cost Recouped
Attic Bedroom Remodel	$43,421	$34,003	78.3%
Back Up Power Generator	$12,934	$7,594	58.7%
Bathroom Addition	$34,800	$21,650	62.2%
Bathroom Remodel	$14,536	$10,250	70.5%
Deck Addition – Wood	$10,102	$7,350	72.8%
Family Room Addition	$73,597	$51,855	70.5%
Garage Addition	$52,782	$34,814	66.0%
Home Office Remodel	$26,521	$14,082	53.1%
Major Kitchen Remodel	$53,452	$39,436	73.8%
Master Suite Addition	$93,042	$66,420	71.4%
Minor Kitchen Remodel	$20,321	$15,083	74.2%
Roofing Replacement	$17,438	$11,128	63.8%
Siding Replacement	$10,216	$7,708	75.5%
Sunroom Addition	$68,269	$35,819	52.5%
Two-Story Addition	$149,723	$106,211	70.9%
Window Replacement-Vinyl	$9,515	$6,807	71.5%
Window Replacement–Wood	$10,462	$8,048	76.9%
Entry Door - Fiberglass	$3, 313	$2,176	65.7 %
Entry Door - Steel	$1,079	$1,259	116.6%
UpScale Project	Job Cost	Resale Value	Cost Recouped
Bathroom Addition	$69,257	$43,042	62.1%
Bathroom Remodel	$48,259	$32,347	67.0%
Deck Addition- Composite	$36,042	$21,720	60.3%
Garage Addition	$79,258	$47,822	60.3%
Major Kitchen Remodel	$107,066	$70,138	65.5%
Master Suite Addition	$209,483	$127,025	60.6%
Roofing Replacement	$30,752	$19,757	64.2%
Siding Replacement – Fiber Cement	$12,954	$10,713	82.7%
Siding Replacement – Foam-Backed Vinyl	$12,783	$9,563	74.8%
Window Replacement – Vinyl	$12,208	$9,169	71.6%
Window Replacement – Wood	$16,292	$11,774	72.3%

 

#1 - Steel Entry Door Replacement

 

Big-Bang Projects can make or break a sale from the moment potential buyers exit their car.  A midrange entry door replacement brings the highest payback at a national average of 102.1%, and a regional average of 116.6%, as seen in the chart above.  Followed nationwide by a midrange garage door replacement at 83.9%, an upscale redo of siding at 80%, a home with a midrange kitchen remodel recoups an average of 72.8% and a wood deck in the backyard will generate a 72.8% return.