Cost vs Value 2017

2017 Cost vs Value Home Remodel Project Report

2017 Cost vs Value
Home Remodel Project Report

Every year we try to bring you the most current information possible about your home or property. This includes an annual look at our updated 2017 Cost vs Value Home Remodel Project Report. In years past, the cost vs value report shows a variety of factors

you’re shared are important to you. This year, we’ve attempted to keep the information to more of a list view so you can help answer the question that matters most to you: what can I do to improve the value of my home?

2017 Cost vs Value Home Remodel Project Report

The first group of projects are those small to medium size projects.

Cost vs Value: Small to Medium Size Projects 2017

Small to Medium Size Projects (National Average)Job CostResale ValueCost Recouped
Attic Insulation (fiberglass)$1,343 $1,446 107.70%
Backup Power Generator$12,860 $6,940 54.00%
Backyard Patio$51,985 $28,546 54.90%
Basement Remodel$71,115 $49,768 70.00%
Bathroom Addition$43,232 $23,283 53.90%
Bathroom Remodel$18,546 $12,024 64.80%
Deck Addition (composite)$17,249 $11,252 65.20%
Deck Addition (wood)$10,707 $7,652 71.50%
Entry Door Replacement (steel)$1,413 $1,282 90.70%
Family Room Addition$89,566 $62,055 69.30%
Garage Door Replacement$1,749 $1,345 76.90%
Major Kitchen Remodel$62,158 $40,560 65.30%
Manufactured Stone Veneer$7,851 $7,019 89.40%
Master Suite Addition$119,533 $77,506 64.80%
Minor Kitchen Remodel$20,830 $16,699 80.20%
Roofing Replacement$20,664 $14,214 68.80%
Siding Replacement$14,518 $11,093 76.40%
Two-Story Addition$176,108 $125,222 71.10%
Universal Design Bathroom$15,730 $10,766 68.40%
Whether it’s a small or large project, consult the small to medium size project list to compare what you can plan to recoup from the remodeling job before you begin. These values tend to charge slightly year over year depending on the price of materials and labor.

Next, we tackle the larger projects.

Cost vs Value Medium to Large Size Projects 2017

Medium to Large Size ProjectsJob CostResale ValueCost Recouped
Bathroom Addition$81,515 $46,507 57.10%
Bathroom Remodel$59,979 $35,456 59.10%
Deck Addition (composite)$39,339 $22,171 56.40%
Entry Door Replacement (fiberglass)$3,276 $2,550 77.80%
Garage Door Replacement$3,304 $2,810 85.00%
Grand Entrance (fiberglass)$8,358 $5,855 70.10%
Major Kitchen Remodel$122,991 $76,149 61.90%
Master Suite Addition$250,687 $150,140 59.90%
Window Replacement (vinyl)$15,282 $11,286 73.90%
Window Replacement (wood)$18,759 $13,691 73.00%
Before you start your next medium to large project, compare what you can plan to recoup from the remodeling job before you begin. And remember, it’s hard to put a price on the enjoyment the update, upgrade or replacement will bring to you and your family – whether or not you plan to sell your home in the future.
Cost vs Value Remodeling Mid Atlantic Region

Homes throughout Pennsylvania, NJ, DE and Maryland closely align to national remodeling prices.

Cost vs Value Remodeling Mid Atlantic Region

Homes and properties in the Mid-Atlantic region closely follow the national average for recouping your investment in your next project. No matter what you plan to do to your home or property, such as sell vs repair, be sure to get multiple detailed bids from licensed contractors with strong references from sites like porch.com. At the end of the day, when you come home from work, your home is your palace. Enjoy what these projects can do to your home and for your family.

While this year’s 2017 Cost vs Value Home Remodel Project Report analysis may only make you wonder IS THIS IS THE HOME I WANT TO INVEST IN? … then maybe you need a second opinion. Home Marketsite agents are ready, willing and available to help you determine what you can get for your home on the market. We can also help determine a solid return on investment from your home. And if you’re looking for a good realtor to list & sell your home, contact us today. We’d appreciate your business.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *