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?
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 Cost||Resale Value||Cost Recouped|
|Attic Insulation (fiberglass)||$1,343||$1,446||107.70%|
|Backup Power Generator||$12,860||$6,940||54.00%|
|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%|
|Universal Design Bathroom||$15,730||$10,766||68.40%|
Next, we tackle the larger projects.
Cost vs Value Medium to Large Size Projects 2017
|Medium to Large Size Projects||Job Cost||Resale Value||Cost Recouped|
|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%|
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.