Tuesday, February 12, 2013

Remodeling Magazine, 2012-13 Cost vs. Value




This is the 15th year that Remodeling magazine — in cooperation with REALTOR® Magazine — has released the Cost vs. Value Report. This year’s survey included more than 3,900 appraisers, sales agents, and brokers across the country who provided their opinions and estimates.
Exterior projects dominated the list with six of the top 10 most cost-effective midrange projects and eight of the top 10 upscale projects.

Top 10 Midrange Projects

1. Entry Door Replacement (steel) 
Job Cost: $1,137
Resale Value: $974
Cost Recouped: 85.6 percent
2. Deck Addition (wood)Job Cost: $9,327
Resale Value: $7,213
Cost Recouped: 77.3 percent
3. Garage Door Replacement 
Job Cost: $1,496
Resale Value: $1,132
Cost Recouped: 75.7 percent
4. Minor Kitchen Remodel 
Job Cost: $18,527
Resale Value: $13,977
Cost Recouped: 75.4 percent
5. Window Replacement (wood)
Job Cost: $10,708
Resale Value: $7,852
Cost Recouped: 73.3 percent
(tie) 6. Attic Bedroom Addition 
Job Cost: $47,919
Resale Value: $34,916
Cost Recouped: 72.9 percent
(tie) 6. Siding Replacement (vinyl) 
Job Cost: $11,192
Resale Value: $8,154
Cost Recouped: 72.9 percent
7. Window Replacement (vinyl)
Job Cost: $9,770
Resale Value: $6,961
Cost Recouped: 71.2 percent
8. Basement Remodel 
Job Cost: $61,303
Resale Value: $43,095
Cost Recouped: 70.3 percent
9. Major Kitchen Remodel 
Job Cost: $53,931
Resale Value: $37,139
Cost Recouped: 68.9 percent
10. Deck Addition (composite) 
Job Cost: $15,084
Resale Value: $10,184
Cost Recouped: 67.5 percent

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Top 10 Upscale Projects

1. Siding Replacement (fiber-cement)
Job Cost: $13,083
Resale Value: $10,379
Cost Recouped: 79.3 percent
2. Garage Door Replacement
Job Cost: $2,720
Resale Value: $2,046
Cost Recouped: 75.2 percent
3. Siding Replacement (foam-backed vinyl)
Job Cost: $13,818
Resale Value: $9,926
Cost Recouped: 71.8 percent
4. Window Replacement (vinyl)
Job Cost: $13,055
Resale Value: $9,295
Cost Recouped: 71.2 percent
5. Window Replacement (wood)
Job Cost: $16,361
Resale Value: $11,194
Cost Recouped: 68.4 percent
6. Grand Entrance (fiberglass)
Job Cost: $7,088
Resale Value: $4,528
Cost Recouped: 63.9 percent
7. Deck Addition (composite)
Job Cost: $34,403
Resale Value: $20,532
Cost Recouped: 59.7 percent
8. Major Kitchen Remodel
Job Cost: $107,406
Resale Value: $64,113
Cost Recouped: 59.7 percent
9. Bathroom Remodel
Job Cost: $50,007
Resale Value: $29,162
Cost Recouped: 58.3 percent
10. Roofing Replacement
Job Cost: $33,880
Resale Value: $19,194
Cost Recouped: 56.7 percent

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