What follows are the "best estimates"for the most typically consistent remodeling projects we have seen across the county. Unless otherwise noted, the maximum time between remodeling and re-sale must be 5 years; otherwise the "value-added" figures are void.
Kitchen: The cost of a complete kitchen remodel can range anywhere from $15,000 to $20,000 and up. The potential for value added can be from 80% to upwards of 110%. The cost incurred includes new cabinets and countertops, re-wiring, structural changes, relocated plumbing, custom cabinetry, and top-of-the-line appliances.
Bathroom: The cost of a bathroom remodel can cost anywhere between $7,500- $10,000. The potential for value-added can range from 80%-115%. The cost of a complete remodel includes new fixtures and fittings, tile floors and walls, structural changes, and relocated plumbing. High-end materials and fixtures raise the cost. Adding a second bathroom can yield more than 100% resale value.
Room Addition: Adding a room addition can set you back $30,000-$40,000 but has the potential to add 50%-110% value to your home. Although dependent on the size of the addition itself, this addition can add a lot of value depending on the type of room added. A family room or new master suite (including a bath) will add much more value than a private office or a fourth bedroom.
Converting an Attic, Basement, or Garage to Living Space: The price of this type of room conversion can range anywhere from $10,000 to $15,000 and up. The potential for value-added is about 25%-40%. The cost assumes that there were no structural changes to the space and no new plumbing was added. The value added on this type of project is more for a smaller house and less value added for a larger house. The value added is also dependent on what type of space is created with the conversion (creating a bedroom or family room will provide more value-added than creating a gameroom or exercise area).
Adding a Deck: The cost of this project can range from $5,000-$10,000 and up and has the potenial to add 40%-60% to the value of your home. In warmer climates the better your odds of adding more value. The size of the deck, complexity of design, and added amenities (spa, trelliswork) also influence cost and value.
Repainted Exterior: This is a relatively cost efficient way to added some value your home assumes that the exterior was previously worn. The price tag on this improvement ranges from $1,200-$1,500 and up. When repainting is done immediately before putitng the house on the market it probably adds the "best profit" to selling an older home.
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Source: Home Remodeling Magazine
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