So perhaps you’ve been thinking of doing some home improvements and curious about the return you’d receive when you sold your home. Well I’ve put together a list of improvements with the job cost, resale value and the cost % recouped. This info is taken from the Cost vs. Value Report 2009-10. For the complete list of cost vs value go to www.costvsvalue.com.
These prices are for the Mountain region and the Denver market in particular. They are for a midrange job (vs. an upscale job). So if you are about to take on a minor or major home improvement project have a look at your return and consider if it’s worth the time, money and effort.
JOB COST RESALE VALUE COST RECOUPED
ATTIC BEDROOM: $46, 239 $34,902 75.5%
BASEMENT REMODEL $58,743 $45,170 76.9%
BATHROOM ADDITION $36,987 $21,410 57.9%
BATHROOM REMODEL $15,296 $10,765 70.4%
DECK ADDITION (COMP) $15,145 $10,620 70.1%
DECK ADDITION (WOOD) $10,608 $8,395 79.1%
FAMILY ROOM ADDTN $78,525 $53,169 67.7%
GARAGE ADDITION $56,141 $35,192 62.7%
MAJOR KITCHEN REM $55,336 $40,382 73.0%
MASTER SUITE ADD $98,595 $65,628 66.6%
MINOR KITCHEN REM $20,805 $15,944 76.6%
ROOFING REPLACE $17,727 $12,531 70.7%
TWO-STORY ADDITION $150,260 $105,494 70.2%
WINDOW REPLACE(VINL) $10,239 $8,006 78.2%
WINDOW REPLACE WOOD $11,156 $8,888 79.7%
Hopefully this gives some insight into the bang for the buck in home improvement projects. If you need any assistance on any other home value matters and how it relates to your resale, please feel free to call or email me anytime. Or if you are in the Denver Metro area and would like a price valuation on your home, give me a ring I’d be happy to do this free of charge.
Kirk A Hartshorn 720-244-5454 RIDE ON!