Remodeling Values
Certain remodeling projects will increase the livability and the marketability of a home. However, 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 suggests basic guidelines to help make planning a remodeling project easier. To receive a free copy of Selecting a Professional Remodeling Contractor, write: NARI, 4301 N. Fairfax Drive #310, Arlington, VA 22203. Their phone number is 800-966-7601.
| Remodeling Job | Average Job 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% |
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