Welcome to San Diego Blog | March 9, 2013
Recouping Remodeling Costs ~ 2013 Costs vs Value Report
Remodeling provides the added space you need and want, but before moving forward, you may want to consider the resale value first. Whether your decision to remodel is to enjoy an added space or modern convenience, to keep the resale value on par with the neighborhood, or for a bigger payoff when it comes time to sell, the 2013 Costs vs Value Report below offers valuable information on recouping your investment, specifically on 35 household remodeling projects.
MIDRANGE
| Pacific — Midrange |
2013 National Averages
|
| Job Cost | Resale Value | Cost Recouped | Project | Job Cost | Resale Value | Cost Recouped | Change vs. 2011-12 |
|---|---|---|---|---|---|---|---|
| $56,612 | $50,380 | 89.0% | Attic Bedroom | $47,919 | $34,916 | 72.9% | |
| $12,616 | $7,557 | 59.9% | Backup Power Generator | $11,410 | $6,014 | 52.7% | |
| $73,530 | $64,593 | 87.8% | Basement Remodel | $61,303 | $43,095 | 70.3% | |
| $43,852 | $30,262 | 69.0% | Bathroom Addition | $37,501 | $20,569 | 54.8% | |
| $18,570 | $14,791 | 79.6% | Bathroom Remodel | $15,782 | $10,295 | 65.2% | |
| $16,811 | $13,729 | 81.7% | Deck Addition (composite) | $15,084 | $10,184 | 67.5% | |
| $11,116 | $10,682 | 96.1% | Deck Addition (wood) | $9,327 | $7,213 | 77.3% | |
| $2,897 | $2,452 | 84.6% | Entry Door Replacement (fiberglass) | $2,753 | $1,813 | 65.9% | |
| $1,245 | $1,183 | 95.0% | Entry Door Replacement (steel) | $1,137 | $974 | 85.6% | |
| $93,262 | $69,906 | 75.0% | Family Room Addition | $79,006 | $50,013 | 63.3% | |
| $55,179 | $43,035 | 78.0% | Garage Addition | $48,806 | $31,091 | 63.7% | |
| $1,669 | $1,551 | 92.9% | Garage Door Replacement | $1,496 | $1,132 | 75.7% | |
| $31,338 | $15,886 | 50.7% | Home Office Remodel | $27,292 | $11,911 | 43.6% | |
| $60,865 | $49,366 | 81.1% | Major Kitchen Remodel | $53,931 | $37,139 | 68.9% | |
| $119,724 | $88,170 | 73.6% | Master Suite Addition | $101,873 | $64,390 | 63.2% | |
| $21,094 | $18,985 | 90.0% | Minor Kitchen Remodel | $18,527 | $13,977 | 75.4% | |
| $21,834 | $16,084 | 73.7% | Roofing Replacement | $18,488 | $11,633 | 62.9% | |
| $13,271 | $10,142 | 76.4% | Siding Replacement (vinyl) | $11,192 | $8,154 | 72.9% | |
| $81,682 | $42,188 | 1600.0% | Sunroom Addition | $72,179 | $33,529 | 46.5% | |
| $172,167 | $130,118 | 75.6% | Two-Story Addition | $152,470 | $99,674 | 65.4% | |
| $10,993 | $9,072 | 82.5% | Window Replacement (vinyl) | $9,770 | $6,961 | 71.2% | |
| $12,036 | $10,661 | 88.6% | Window Replacement (wood) | $10,708 | $7,852 | 73.3% |
UPSCALE
| Pacific — Upscale |
2013 National Averages
|
| Job Cost | Resale Value | Cost Recouped | Project | Job Cost | Resale Value | Cost Recouped | Change vs. 2011-12 |
|---|---|---|---|---|---|---|---|
| $80,393 | $53,600 | 66.7% | Bathroom Addition | $70,969 | $39,730 | 56.0% | |
| $55,410 | $38,701 | 69.8% | Bathroom Remodel | $50,007 | $29,162 | 58.3% | |
| $39,434 | $26,501 | 67.2% | Deck Addition (composite) | $34,403 | $20,532 | 59.7% | |
| $91,056 | $60,481 | 66.4% | Garage Addition | $80,511 | $44,034 | 54.7% | |
| $2,930 | $2,670 | 91.1% | Garage Door Replacement | $2,720 | $2,046 | 75.2% | |
| $7,507 | $5,947 | 79.2% | Grand Entrance (fiberglass) | $7,088 | $4,528 | 63.9% | |
| $117,210 | $81,681 | 69.7% | Major Kitchen Remodel | $107,406 | $64,113 | 59.7% | |
| $246,520 | $147,433 | 59.8% | Master Suite Addition | $220,086 | $114,569 | 52.1% | |
| $41,997 | $26,164 | 62.3% | Roofing Replacement | $33,880 | $19,194 | 56.7% | |
| $15,355 | $12,840 | 83.6% | Siding Replacement (fiber-cement) | $13,083 | $10,379 | 79.3% | |
| $16,277 | $12,098 | 74.3% | Siding Replacement (foam-backed vinyl) | $13,818 | $9,926 | 71.8% | |
| $14,119 | $11,561 | 81.9% | Window Replacement (vinyl) | $13,055 | $9,295 | 71.2% | |
| $17,627 | $14,391 | 81.6% | Window Replacement (wood) | $16,361 | $11,194 | 68.4% |
If you know anyone looking to buy or sell a home, please let me know if I can help (619) 246-8400.
Written by: Dannecker & Associates
Categories: Buyers, Real Estate Investment, San Diego Real Estate, Sellers