Remodeling Costs & Resale Value

Remodeling projects are a great way to add value to your home, but not all projects produce the same return. If you are looking to add value to your home, it is important to know how much certain jobs cost and how much of that money you will get back when you sell the property. Remodeling Magazine recently came out with the 2014 Remodeling Cost vs. Value Report which provides estimates for national averages and for local areas such as the Greater Louisville region. Below are some remodel projects with their average cost and value recouped in our local area. Our averages are generally at or above the national percentage of cost recouped.

Project: Attic Bedroom; Job Cost: $47,725; Resale Value: $32,968; % Recouped: 69.10% Project: Basement Remodel; Job Cost: $59,830; Resale Value: $38,218; % Recouped: 63.90% Project: Bathroom Remodel; Job Cost: $15,444; Resale Value: $8,479; % Recouped: 54.90% Project: Family Room Addition; Job Cost: $76,667; Resale Value: $45,600; % Recouped: 59.50% Project: Garage Addition; Job Cost: $48,619; Resale Value: $27,496; % Recouped: 56.60% Project: Garage Door Replacement; Job Cost: $1,468; Resale Value: $1,054; % Recouped: 72.00% Project: Major Kitchen Remodel; Job Cost: $52,836; Resale Value: $36,762; % Recouped: 69.60% Project: Minor Kitchen Remodel; Job Cost: $18,211; Resale Value: $13,625; % Recouped: 74.80% Project: Master Suite Addition; Job Cost: $99,369; Resale Value: $60,196; % Recouped: 61.00% Project: Home Office Remodel; Job Cost: $26,923; Resale Value: $8,582; % Recouped: 31.90% Project: Roofing Replacement; Job Cost: $16,591; Resale Value: $9,112; % Recouped: 54.90% 

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Posted on February 21, 2014, in Home Decor & Design, Louisville Neighborhoods, Owning, Selling, Southern Indiana, Uncategorized. Bookmark the permalink. Leave a comment.

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