Projects Designed to Sell Your Home

Costs Recouped for Remodeling: A cost data report prepared by HomeTech Information Systems (www.hometechonline.com) was published in the January issue of Realtor®. This spreadsheet shows the contractor costs and estimated resale values for specific improvement projects. A certain percentage of the costs incurred are recouped through the sale of the home. The job cost, resale value and percent of costs recouped vary from region to region. Please let me know if you should have a specific location and I will provide the data from this valuable information guide.

Listed below are common remodeling projects which result in the highest percentage of costs recouped. These figures represent national averages and based on experienced industry professionals. What is important is the type of project which yields the highest percentage of costs recouped from the sale of the home.

Remodeling Project          Job Cost         Resale  Value    % Cost Recouped

Steel Entry Door               $1,172                  $1,470                   128.9%

Fiber Cement Siding         $13,287                $11,112                  83.6%

Attic Bedroom-Addition   $49,346                $40,992                  83.1%

Wood Deck                     $10,634                $8,573                    80.6%

Vinyl Siding                      $10,607                $8,476                    79.9%

Minor Kitchen Upgrade    $21,411               $16,773                   78.3%

Some other common projects resulting in a lower percentage of the costs recouped:

Sunroom addition –       50.7% of the costs are recouped

Remodeled Bathroom – 71% of the costs are recouped

Roof Replacement -       66.6% of the costs are recouped

Windows Replaced –    76.6% of the costs are recouped