2009 Cost vs. Value Report

REMODELING: COST vs. VALUE

Many homeowners contemplate remodeling projects prior to placing their home on the market. When considering which projects to invest in, you may wish to consult the following reference guide to help you evaluate improvements that can increase the value of your home.

The chart below lists 12 home remodeling projects examined by Realtor Magazine. I've taken out the Pacific Region 'job cost' and 'value at sale' for your review. This year continued to be a year marked by the most value found in exterior remodeling projects that boost curb appeal, with kitchen remodels closely in the mix.

It is my home that this resource guide will assist you in determining which projects seem most sensible to pursue. Of course, many factors affect the decision to remodel...things like condition of the remainder of the home, value of similar homes nearby, and the rate at which property values are changing in the area.

If you need further assistance with your real estate needs

please don't hesitate to call me directly!

Remodeling Project	Job Cost	Resale Value	Cost Recouped
Midrange Wood Deck Addition	$13,125	$12,748	97.1%
Siding Replacement- Fiber Cement	$13,697	$13,172	96.2%
Midrange Minor Kitchen Remodel	$22,974	$21,944	95.5%
Upscale Wood Windows	$20,303	$19,130	94.2%
Upscale Vinyl Windows	$16,192	$15,160	93.6%
Midrange Wood Windows	$13,593	$12,762	93.9%
Midrange Vinyl Windows	$12,509	$11,641	93.1%
Composite Deck Addition	$16,949	$14,841	87.6%
Midrange Major Kitchen Remodel	$62,997	$55,025	87.3%
Attic to Bedroom Conversion	$58,913	$51,286	87.1%
Midrange Basement Remodel	$73,399	$62,777	86.9%
Midrange Bathroom Remodel	$18,452	$15,992	86.7%

Compliments of…Kim Dittler, Broker 503-380-8285

Prudential NW Properties