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COST VS. VALUE Remodeling Your Home Comfort, convenience, and aesthetic satisfaction are some of the main reasons people remodel their homes. But just as important for many is the increase in the value of their property.
How much value a project returns depends on where the house is, what shape it’s in, and the quality of the work performed.
Of all the projects you might consider, the kitchen remodel would likely contribute most to the home value with the bathroom remodel a close second. Read on to see the cost-value estimates of projects for our area of the country.
Minor Kitchen Remodel
Job Cost $17,956
Resale Value $19,667
Design tips: Patterning floor tiles with inexpensive materials makes this job look somewhat customized. Add undercabinet lighting.
Major Kitchen Remodel
Job Cost $42,966
Resale Value $66,000
Design tips: Add a microwave-convection combination to give you a second oven at minimal cost. Use contrasting or coordinating countertop materials.
Bathroom Remodel
Job Cost $11,290
Resale Value $13,333
Design tips: Paint the walls using a raking, rag-rolling or sponging method. Upgrade the vanity counter to a granite look.
Family Room Addition
Job Cost $54,664
Resale Value $59,744
Design tips: Crown moldings add to this type of addition. Design window seats with lift-up tops for toy storage.
Deck Addition
Job Cost $7,210
Resale Value $10,000
Design tips: Design the deck as something other than a rectangle. Add decorative posts.
Siding Replacement
Job Cost $7,248
Resale Value $9,823
Design tips: Use decorative siding pieces or vary the pattern for interest.
Window Replacement
Job Cost $10,287
Resale Value $9,167
Design tips: Use wood-grained vinyl for the look of wood but the benefits of vinyl.
Remember, these are all approximate costs and values for the Boston metro area.
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