Monday, December 10, 2007

Cost Vs Value Report

Thinking of remodeling? Many people ask me how much they think they will get back after they add 'this' or remodel 'that'. Really, I have no idea - it depends upon the market. Check out this link to a nationwide study of cost vs value: http://www.costvsvalue.com/index.html

In sum, projects with highest national percentage of costs recouped:
  • 88%Upscale siding replacement
  • 85%Wood deck addition
  • 81%Wood window replacement
  • 83%Minor kitchen remodel

Of course, it also depends upon the quality of workmanship too. Just because you replaced your siding from materials purchased at Home Depot or Lowes, does not mean you will get 88% back.

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