|
So you're thinking of selling. Do
you do the upgrades or not.
These figures are
from 2004 but may be very helpful
MAJOR
KITCHEN REMODEL
Update
an outmoded 200-square-foot kitchen
with new cabinets, laminate countertops, and standard double-tub
stainless-steel sink with standard single-lever faucet. Include
energy-efficient wall oven, cooktop, ventilation system, built-in
microwave,
dishwasher, and garbage disposer. Add custom lighting and new resilient
floor.
Finish with painted walls, trim, and ceiling. Include 30 linear feet of
semi-custom grade wood cabinets, including a 3-by-5-foot island.
National Average
Job
cost: $42,660
Value at sale: $33,890
Cost Recouped: 79.4%
BATHROOM REMODEL
Update bathroom that’s at least 25 years old. Replace all
fixtures to include
standard-sized tub with ceramic tile surround, toilet, solid-surface
vanity
counter with integral double sink, recessed medicine cabinet, ceramic
tile
floor, and vinyl wallpaper.
National
Average
Job cost: $9,861
Value at sale: $8,887
Cost Recouped: 90.1%
MASTER SUITE ADDITION
On a house with two or three bedrooms, add a 24-by-16-foot master
bedroom suite
over a crawlspace. Include walk-in closet/dressing area, whirlpool tub
in
ceramic tile platform, separate 3-by-4-foot ceramic tile shower, and
double-bowl vanity with solid surface countertop. Bedroom floor is
carpet; bath
floor is ceramic tile. Paint the walls, ceiling, and trim. Add general
and spot
lighting and exhaust fan.
National
Average
Job cost: $70,245
Value at sale: $56,257
Cost Recouped: 80.1%
FAMILY ROOM ADDITION
Add a 16-by-25-foot room on a crawl space foundation with vinyl siding
and
fiberglass shingle roof. Include drywall interior with batt insulation,
prefinished hardwood floor, and 180 square feet of glazing, including
windows,
atrium-style exterior doors, and two operable
skylights. Tie into existing heating and cooling.
National
Average
Job cost: $52,562
Value at sale: $42,347
Cost Recouped: 80.6%
WINDOW REPLACEMENT
Replace 10 existing 3-by-5-foot double-hung windows with vinyl- or
aluminum-clad, double-glazed, wood replacement windows. Wrap existing
exterior
trim as required to match. Don’t disturb existing interior
trim.
National
Average
Job cost: $9,273
Value at sale: $7,839
Cost Recouped: 84.5%
ROOFING REPLACEMENT
Remove existing roofing to bare wood and dispose of properly. Install
30
squares of fiberglass asphalt shingles with new felt underlayment,
galvanized
drip edge, and mill-finish aluminum flashing.
National
Average
Job cost: $11,376
Value at sale: $9,197
Cost Recouped: 80.8%
ATTIC BEDROOM
In a house with two or three bedrooms, convert unfinished space in
attic to a
15-by-15-foot bedroom and a 5-by-7-foot shower bath. Add a 15-foot shed
dormer
and four new windows. Insulate and finish ceiling and walls; carpet
unfinished
floor. Extend existing heating and central air conditioning to new
space. Retain
existing stairs.
National
Average
Job cost: $35,960
Value at sale: $29,725
Cost Recouped: 82.7%
SUNROOM ADDITION
Add a 200-square-foot sunroom to a two-story house. Form and pour
footings for
slab-on-grade foundation. Use exposed post-and-beam framing on interior
side
and extruded aluminum window frame-and-flashing system with insulated,
low-E,
laminated, or tempered glazing. Provide for natural ventilation using
screens
and ceiling fan. Insulate all non-glass areas; provide movable shades
for glass
area.
National
Average
Job cost: $31,063
Value at sale: $22,002
Cost Recouped: 70.8%
DECK ADDITION
Add 16-by-20-foot deck using pressure-treated SYP joists supported by
4-by-4
posts set into concrete footings. Install composite deck material in a
simple
linear pattern. Include a built-in bench, a planter of the same decking
material, and stairs. Provide a railing system made of the same
composite
material as the decking or a compatible vinyl system.
National
Average
Job cost: $6,917
Value at sale: $6,000
Cost Recouped: 86.7%
|