Posts Tagged ‘home repair’

Return on home improvements

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!

www.perryandco.com   khartshorn@perryandco.com

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