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Remodeling: Cost Vs. Value
 A
couple of things to remember before you remodel if you
are planning on selling after the remodel:
1) Don't over improve for the neighborhood. You will not be able to get
your money back out of the house.
2) Use neutral colors for paint and carpet.
3) Adding storage space is always a plus.
4) Single use projects rarely pay for
themselves. I am referring specifically to a pool.
An updated home in
excellent condition will sell fast and for a good price.
The data I am using comes from the National Association of
Realtors and is an averaging of remodeling costs and returns. I used
the numbers from the San Diego area of the survey.
If you do remodel your home what can you expect when it
comes time to sell?
Major Kitchen Remodel
Update an outdated kitchen with new:
Wood cabinets, including a kitchen island
Laminate countertops
New lighting & ventilation system
Double tub stainless steel sink & new faucet
Energy efficient oven, cook top, dishwasher, microwave
& disposal
Flooring & paint the kitchen
Average cost $47,000 Average resale value
$51,000 Cost recouped 108%
Minor Kitchen Remodel
Update a functional but out dated kitchen with:
Reface cabinets with new raised panel wood doors and
drawers
New laminate counter top
Energy efficient oven and cook top
Sink & faucet
Flooring & paint the kitchen
Average cost $ 16,000 Average resale value
$19,500 Cost recouped 121%
Bathroom Remodel
Update a 20+ year old bathroom with:
Porcelain on steel tub with ceramic surround
Standard white toilet
Ceramic tile flooring
Vanity with double sinks
Faucets for sink and bath
Recessed medicine cabinet
Paint & Wallpaper & new light fixtures
Average cost $ 11,900 Average resale
value $14,500 Cost recouped 121%
Bathroom Addition
Add a full 6x8 bathroom:
30 x 60 inch tub/shower with ceramic surround
White low profile toilet
Ceramic tile flooring
Vanity with cultured marble top, single sink
Faucets for sink and bath
Recessed medicine cabinet
Spot lighting
Paint & Wallpaper
Average cost $ 26,500 Average resale
value $29,200 Cost recouped 110%
Deck Addition
Add a 16 x 20 foot deck using:
Pressure treated yellow pine for
joists
Use 4x4 posts on concrete footings
Use composite deck material for deck
Install a built in bench, planter box and railing system
all the way around
Add 3 steps to grade
Average cost $ 14,400 Average resale
value $14,400 Cost recouped 116%
Window Replacement
Replace 10 existing 3x5 foot windows:
Install double glazed with exterior clad in vinyl
windows
Wrap existing exterior trim as required
Average cost $ 10,600 Average resale
value $12,400 Cost recouped 117%
Family Room Addition
Add a 16 x 25 foot family room with crawl space
foundation:
Exterior has wood siding
Fiberglass shingle roof
Drywall interior
Prefinished hardwood floors
180 square feet of clazing including windows
2 skylights
Tie into HVAC & electrical system
12 recessed ceiling lights
Average cost $ 62,700 Average
resale value $72,900 Cost recouped 116%
Master Suite Addition
Add a 24 x 16 Foot Master Suite with crawl space
foundation
Walk in closet
Whirlpool tub
Separate 3x4 ceramic tile shower
Ceramic tile floor in bathroom
Carpeted in bedroom
Double sink vanity
Lighting and exhaust fan
Average cost $ 84,300 Average resale
value $85,000 Cost recouped 100%
Home Office Remodel
Convert an existing 12 x 12 foot room to a home
office
Install custom cabinets including 20 feet of
laminate desktop
Wall cabinet storage
Computer workstation
Rewire for computer, fax and
electronic equipment
Paint and install new carpet
Average cost $ 15,200 Average resale
value $13,700 Cost recouped 90%
If you would like to talk to me about selling your home
call me directly at 760.476.9560 or
send an email...Click Here!
| Steve Lewis
