Do a little competitive research by finding out which features are
popular with other homes in your neighborhood.
If most homes have upgraded kitchens with contemporary countertops,
tile flooring and stainless appliaces, you'll net a better return
in a minor kitchen remodel.
By knowing your neighborhood you can get a better sense of what projects
are the best for your dollar.
Contact me to receive complete information
on the neighborhood
you live in- for free.
View Brochure
Need someone to manage your
construction project?
|
|
Construction Cost
Versus Resale Value
Navarre: Remodeling, Replacements
and Home Additions
8/2007
Adding a second story, adding a bedroom to an exsisting attic and
replacing your siding are the least expensive ways to add value
and increase the selling pirce for your home.
Cost recouped depend on many factors including the condition of
the home, value of simliar homes nearby, rate at which property
values are changing and even differences in size, scope and quality
of finishes.
.
| FLORIDA |
Job Cost |
Resale Value |
Cost Recouped |
| ADDITIONS |
|
|
|
| MIDRANGE |
|
|
|
| Bathroom |
$25,867 |
$21,084 |
81.5% |
| Deck |
$13,975 |
$11,611 |
83.1% |
| Family Room |
$67,797 |
$53,371 |
78.7% |
| Master Suite |
$84,883 |
$67,723 |
79.8% |
| Sunroom |
$46,378 |
$34,531 |
74.5% |
| Two-Story |
$98,502 |
$88,220 |
91.4% |
| UPSCALE |
|
|
|
| Bathroom |
$55,878 |
$43,005 |
70.5% |
| Master SUite |
$163,964 |
$130,584 |
79.6% |
| |
|
|
|
| REMODELS |
Job Cost |
Resale Value |
Cost Recouped |
| MIDRANGE |
|
|
|
| Attic Bedroom |
$39,081 |
$35,242 |
90.2% |
| Basement |
$51,341 |
$46,655 |
91.2% |
| Bathroom |
$11,778 |
$10,226 |
86.8% |
| Home Office |
$18,504 |
$12,784 |
69.1% |
| Kitchen (major) |
$50,860 |
$43,653 |
85.8% |
| Kitchen (minor) |
$17,095 |
$15,238 |
89.1% |
| UPSCALE |
|
|
|
| Bathroom |
$35,212 |
$28,504 |
79.7% |
| Kitchen (major) |
$103,529 |
$85,634 |
82.7% |
| |
|
|
|
| REPLACEMENTS |
Job Cost |
Resale Value |
Cost Recouped |
| MIDRANGE |
|
|
|
| Roofing |
$12,052 |
$10,025 |
83.2% |
| Siding |
$8,285 |
$7,400 |
89.3% |
| Window (wood) |
$9,924 |
$8,559 |
85.8% |
| Window (vinyl) |
$9,162 |
$7,450 |
81.3% |
| UPSCALE |
|
|
|
| Roofing |
$20,964 |
$17,711 |
84.5% |
| Siding (fiber cement) |
$12,864 |
$11,913 |
92.7% |
| Siding (foam vinyl) |
$10,214 |
$9,154 |
89.6% |
| Window (wood) |
$15,607 |
$12,983 |
83.2% |
| Window (vinyl) |
$11,823 |
$10,261 |
86.8% |
This information is an average provided by Remodeling Magainze
and the National Association of Realtors. To request the full report
for free, click here.
|
