Market Information

During 2005 the National Association of Realtors partnered with Remodeling Magazine and they did a nationwide survey of 55 different real estate markets. They collected data that shows how much return you can expect for doing certain remodeling projects to your home. This information can be very valuable, especially if you are trying to figure out what to do to your home so that you can realize the highest profit when you sell.

Remodeling Costs vs. Return

Bathroom Remodel
102.2% average recouped (national)
Job cost: $10,499
Resale value: $10,727 (national average)

Update an existing 5-by-7-foot bathroom that's at least 25 years old. Replace all fixtures to include 30-by-60-inch porcelain-on-steel tub with 4-by-4 ceramic tile surround, new single-lever temperature and pressure-balanced shower control, standard white toilet, solid surface vanity counter with integral double sink, recessed medicine cabinet with light, ceramic tile floor, and vinyl wallpaper.

Minor Kitchen Remodel
98.5% average recouped (national)
Job Cost $14,913
Resale value: $14,691 (national average)

In a functional but dated 200-square-foot kitchen with 30 linear feet of cabinetry and countertops, leave cabinet boxes in place but replace fronts with new raised-panel wood doors and drawers. Replace wall oven and cooktop with new energy-efficient models. Replace laminate countertops. Install midpriced sink and faucet. Repaint trim, add wall covering, and replace existing flooring with resilient flooring.

Siding Replacement
95.5% average recouped (national)
Job cost: $7,239
Resale value: $6,914

Replace 1,250 square feet of existing siding with new vinyl siding, including all trim.

Attic Bedroom
93.5% average recouped (national)
Job cost $39,188
Resale value: $36,649

In a house with two or three bedrooms, convert unfinished space in the attic to a 15-by-15-foot bedroom and a 5-by-7-foot bath with shower. Include a 15-foot shed dormer, four new windows, and a closet space under the eaves. Insulate and finish ceiling and walls. Carpet floor. Extend existing HVAC to new space. Retain existing stairs, but add rail and baluster around stairwell.<

Deck Addition
90.3% average recouped (national)
Job cost: $11,294
Resale value: $10,196

Add a 16-by-20-foot deck using pressure-treated SYP (souther yellow pine) joints supported by 4-by-4 posts set into concrete footings. Install composite deck material in a simple linear pattern. Include a built-in bench and planter of the same decking material. Include stairs, assuming three steps to grade. Provide a complete railing system using either a matching system made of the same composite as the decking material or a compatible vinyl system.

Basement Remodel
90.1% average recouped (national)
Job cost: $51,051
Resale value: $46,010

Create a 20-by-30-foot entertaining area with wet bar, a 5-by-8-foot full bath, and a 2-by-12-foot auxiliary room, Painted drywall throughout; exterior walls are insulated. Include five six-panel primed hardboard doors. Main room: Fifteen recessed ceiling light fixtures, three surface-mounted light fixtures, and a snap-together laminate flooring system. Bathroom: Toilet, vanity with cultured marble top, resilient vinyl flooring, two-piece fiberglass shower unit, a light/fan combination, and recessed medicine cabinet. Bar area: 10 linear feet of raised-panel oak cabinets with laminate countertops, stainless steel bar sink, under-counter refrigerator, and vinyl floor tile.

Window Replacement
89.6% average recouped (national)
Job cost: $9,684
Resale value: $8,681

Replace 10 existing 3-by-5-foot double-hung windows with wood replacement windows, double-glazed and exterior clad in vinyl or aluminum. Wrap existing exterior trim as required to match. Don't disturb existing interior trim.

Roofing Replacement
84.7% average recouped (national)
Job cost: $11,164
Resale value: $9,456

Remove existing roofing to bare wood sheathing and dispose of properly. Install 30 square of 235-pound fiberglass asphalt shingles (minimum 25-year warranty) with new felt underlayment, galvanized drip edge, and mill finish aluminum flashing. Assume a 5-square hip roof, custom flashing at two average-sized skylights, and custom cap treatment at vented ridge.

Family Room Addition
83.0% average recouped (national)
Job cost: $54,773
Resale value: $45,458

In a style and location appropriate to the existing house, add a 16-by-25-foot room on a crawl space foundation with vinyl siding and fiberglass shingle roof. Include drywall interior with batt insulation, prefinished hardwood floor, and 180 square feet of glazing, including windows, atrium-style exterior doors, and two operable skylights. Tie into existing HVAC. Add electrical system to code, including 12 recessed ceiling lights.

Home Office Remodel
72.8% average recouped (national)
Job cost: $13,143
Resale value $9,569

Convert an existing 12-by-12-foot room to a home office. Install custom cabinets to include 20 feet of laminate desktop, a computer workstation, and wall cabinet storage. Rewire room for computer, fax machine, and other electronic equipment, as well as cable and telephone lines. Include drywall interior, painted trim, and commercial-grade carpeting.

To read the complete article with breakdowns of all associated remodeling costs please e-mail or call Bob Foote at 801-330- 6929. Photos of bathrooms and kitchens provided by Artisan Woodworks in Salt Lake City, Utah. Photos of home interiors provided by Sticks & Stones Furniture in Park City, Utah.

Choose Bob Foote

Early in my life I was taught by my Dad, the importance of hard work. Integrity and honesty has always been my motto. Because of these qualities, I am successful. My career in Real Estate Sales began the last part of June in 2005 and has been growing ever since. I spent nearly five years working with two different Brokers, to gain a well rounded real estate background. Then, I opened my own Brokerage in February of 2010, Right Foote Real Estate. If you are buying or selling real estate, start with the Right Foote!