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Annual Report of Cost vs Value on Home Remodeling Projects Part II

More remodeling items and cost vs value

In our last post we discussed the top 6 remodeling projects that give you the most return value when selling your home.  Of the top 6 items 4 of them were exterior projects, the two indoor projects are:

Attic Bedroom:  Cost = $50,148; Resale Value = $36,346; Cost Recouped = 72.5%

Minor Kitchen Remodel: Cost = $19,588; Resale Value = $14,120; Cost
Recouped = 72.1%

Additionally to round out the top 10 list:

Basement Remodel: Cost = $63,378; Resale Value = $42,338; Cost
Recouped = 66.8%

Two-Story Addition: Cost = $165,795; Resale Value = $103,301; Cost
Recouped = 62.4%

Bathroom Remodel: Cost = $16,552; Resale Value = $10,293; Cost
Recouped = 62.2%

Family Room Addition: Cost = $83,118; Resale Value = $50,004; Cost
Recouped = 60.2%

This survey was the result of more than 3,000 Realtors responding, well this is a national average survey the results are fairly typical for our market in the Greater Cleveland area. 

To learn more about what you can to do to put your homes best foot forward give me a call, I can help. 

Carol Murphy

Keller Williams Greater Cleveland, Carol Murphy Team

Avon Lake Homes For Sale

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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