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Remodeling That Pays
Upgrading your home is always appealing, but which enhancements really get you a good return for your money when it’s time to sell? The 2003 Cost vs. Value Report by Remodeling magazine and REALTORÒ Magazine has the answer.
To see the complete article, visit http://www.realtor.org/rmomag.NSF/pages/costvaluedec03.
The following is the % you can expect to recoup upon sale of your home.
|
|
2003 |
2002 |
Variance |
|
Bathroom Remodel |
|
Midrange |
89.3% |
87.5% |
1.8% |
|
Upscale |
92.6 |
91.0 |
1.6 |
|
Bathroom Addition |
|
Midrange |
95.0 |
94.2 |
0.08 |
|
Upscale |
84.3 |
81.4 |
2.9 |
|
Major Kitchen Remodel |
|
Midrange |
74.9 |
66.6 |
8.3 |
|
Upscale |
79.6 |
79.8 |
-0.2 |
|
Master Suite |
|
Midrange |
76.4 |
75.1 |
1.3 |
|
Upscale |
76.9 |
76.8 |
0.1 |
|
Family Room |
|
Midrange |
80.6 |
79.5 |
1.1 |
|
Deck |
|
Midrange |
104.2 |
N/A* |
N/A* |
|
Basement Remodel |
|
Midrange |
79.3 |
78.7 |
0.6 |
|
Siding Replacement |
|
Midrange |
98.1 |
79.1 |
19.0 |
|
Window Replacement |
|
Midrange |
84.8 |
73.8 |
11 |
|
Upscale |
87.0 |
77.0 |
10 |
|
Attic Bedroom |
|
Midrange |
92.8 |
N/A* |
N/A* |
Reprinted from REALTORÒ Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORSÒ. Copyright 2005. All rights reserved. Amendments and additional information provided by Liz Maule.
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