Remodeling Cost and Return on Investment

Building a Tradition of Quality

Job Cost                 Resale Value         Cost Recouped      Project                                                       Job Cost                 Resale Value         Cost Recouped                 Change vs. 2007

$47,931                    $31,201                    65.1%                       Attic Bedroom                                         $48,398                    $35,694                    73.8%     

 

$13,969                    $6,715                      48.1%                       Backup Power Generator                       $14,040                    $8,026                      57.2%     

 

$60,436                    $39,431                    65.2%                       Basement Remodel                                 $61,011                    $44,467                    72.9%     

 

$37,567                    $20,681                    55.0%                       Bathroom Addition                                $38,078                    $24,187                    63.5%     

 

$15,753                    $10,211                    64.8%                       Bathroom Remodel                                $15,899                    $11,857                    74.6%     

 

$15,154                    $10,465                    69.1%                       Deck Addition (composite)                   $15,277                    $11,260                    73.7%     

 

$10,378                    $7,902                      76.1%                       Deck Addition (wood)                           $10,601                    $8,676                      81.8%     

 

$80,624                    $49,215                    61.0%                       Family Room Addition                          $81,315                    $53,608                    65.9%     

 

$55,907                    $34,759                    62.2%                       Garage Addition                                      $57,272                    $38,161                    66.6%     

 

$28,054                    $14,224                    50.7%                       Home Office Remodel                           $28,094                    $15,329                    54.6%     

 

$56,307                    $40,944                    72.7%                       Major Kitchen Remodel                        $56,611                    $43,030                    76.0%     

 

$100,552                 $60,525                    60.2%                       Master Suite Addition                            $101,571                 $67,037                    66.0%     

 

$21,185                    $15,528                    73.3%                       Minor Kitchen Remodel                        $21,246                    $16,881                    79.5%     

 

$18,176                    $10,256                    56.4%                       Roofing Replacement                            $18,825                    $12,336                    65.5%     

 

$10,027                    $7,449                      74.3%                       Siding Replacement (vinyl)                  $10,256                    $8,274                      80.7%     

 

$71,173                    $39,657                    55.7%                       Sunroom Addition                                  $71,745                    $40,715                    56.7%     

 

$145,632                 $94,414                    64.8%                       Two-Story Addition                               $146,538                 $103,553                 70.7%     

 

$10,518                    $7,421                      70.6%                       Window Replacement (vinyl)              $10,537                    $8,132                      77.2%     

 

$11,518                    $8,246                      71.6%                       Window Replacement (wood)             $11,512                    $8,946                      77.7%     

 

 

 

                                                                                         Link to full chart, click here

 

                                                                                                      Return to Customer Resource Center

In initial meetings with customers, we often hear the same issue arise,  “I am worried about over investing in my house”.  Most remodeling projects should be completed because it is what you want to do to the house or because your house would not sell in its current condition.  If resale value weighs on your mind, we often tell customers to consult with a real estate agent if they are in doubt as to their current house value and what it could potentially be worth after remodeling.  In addition to ourselves and the design professionals we work with, real estate agents can also tell you what finish selections are in demand now and what an average buyer might be looking for.  Finish selection definitely can be a big variable in remodeling cost.  The chart below shows average remodeling cost and rate of return for a variety of projects.  This information is up to date and is based on the Saint Louis region.  It is based on mid-range remodeling, which is remodeling an average middle class home.  If you click on the project type, it will link you to a “definition” of that project type.

 

                  Chart Source: Remodeling Magazine  (see bottom for link to chart on their website)

                2008                                                                                 2009