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I can't begin to tell you how many times in my real estate career I have been asked what home improvements are worth making in a home?
Where will I get the best return on my investment?
I read a fabulous article and thougt the national average findings would be perfect to share with my clients, family & friends.
A good evaluation of where you should invest your money to gain equity in your home.
2010-11 National Averages
ProjectJob CostResale ValueCost RecoupedChange vs. 2009-10
| Attic Bedroom |
$51,428 |
$37,142 |
72.2% |
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| Backup Power Generator |
$14,718 |
$7,136 |
48.5% |
|
| Basement Remodel |
$64,519 |
$45,186 |
70.0% |
|
| Bathroom Addition |
$40,710 |
$21,695 |
53.3% |
|
| Bathroom Remodel |
$16,634 |
$10,668 |
64.1% |
|
| Deck Addition (composite) |
$15,620 |
$10,337 |
66.2% |
|
| Deck Addition (wood) |
$10,973 |
$7,986 |
72.8% |
|
| Entry Door Replacement (fiberglass) |
$3,576 |
$2,147 |
60.0% |
|
| Entry Door Replacement (steel) |
$1,218 |
$1,243 |
102.1% |
|
| Family Room Addition |
$85,740 |
$53,624 |
62.5% |
|
| Garage Addition |
$60,608 |
$35,876 |
59.2% |
|
| Garage Door Replacement |
$1,291 |
$1,083 |
83.9% |
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| Home Office Remodel |
$28,888 |
$13,235 |
45.8% |
|
| Major Kitchen Remodel |
$58,367 |
$40,126 |
68.7% |
|
| Master Suite Addition |
$108,090 |
$68,146 |
63.0% |
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| Minor Kitchen Remodel |
$21,695 |
$15,790 |
72.8% |
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| Roofing Replacement |
$21,488 |
$12,780 |
59.5% |
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| Siding Replacement (vinyl) |
$11,357 |
$8,223 |
72.4% |
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| Sunroom Addition |
$75,224 |
$36,540 |
48.6% |
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| Two-Story Addition |
$165,243 |
$107,338 |
65.0% |
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| Window Replacement (vinyl) |
$11,066 |
$7,920 |
71.6% |
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| Window Replacement (wood) |
$12,027 |
$8,707 |
72.4% |
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ProjectJob CostResale ValueCost RecoupedChange vs. 2009-10
| Bathroom Addition |
$78,409 |
$41,562 |
53.0% |
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| Bathroom Remodel |
$53,759 |
$30,738 |
57.2% |
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| Deck Addition (composite) |
$38,382 |
$22,154 |
57.7% |
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| Garage Addition |
$90,053 |
$48,278 |
53.6% |
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| Garage Door Replacement |
$3,545 |
$2,476 |
69.8% |
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| Grand Entrance (fiberglass) |
$7,700 |
$4,979 |
64.7% |
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| Major Kitchen Remodel |
$113,464 |
$67,746 |
59.7% |
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| Master Suite Addition |
$232,062 |
$122,370 |
52.7% |
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| Roofing Replacement |
$38,022 |
$21,120 |
55.5% |
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| Siding Replacement (fiber-cement) |
$13,382 |
$10,707 |
80.0% |
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| Siding Replacement (foam-backed vinyl) |
$13,973 |
$10,119 |
72.4% |
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| Window Replacement (vinyl) |
$14,284 |
$10,368 |
72.6% |
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| Window Replacement (wood) |
$18,226 |
$12,303 |
67.5% |
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JodiAnn Garone (Century 21 Cataneo & Associates)
The State of New Jersey is offering assistance to those in need. If you have recently loss your job or are unable to pay your mortgage this program may be able help you KEEP YOUR HOME. Simply review the guidelines below and Find out if you qualify…
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JodiAnn Garone (Century 21 Cataneo & Associates)
Provided by Your Real Estate Professional JodiAnn Garone Click Photo for Additional Media and Enlargement (Click for Virtual Tour) Status: Active (5/3/2012) Cat: SF MLS#: 21216973m v Type: Detached…
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JodiAnn Garone (Century 21 Cataneo & Associates)
Click Photo for Additional Media and Enlargement Status: Active (5/4/2012) Cat: CON MLS#: 21216993 m v ListPrice: $317, 999 County: Monmouth OrigPrice: $317, 999 Muni:..
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JodiAnn Garone (Century 21 Cataneo & Associates)
Provided by Your Real Estate Professional JodiAnn Garone Click Photo for Additional Media and Enlargement Status: Active (2/15/2012) Cat: CON MLS#: 21205940m v ListPrice: $335, 000..
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JodiAnn Garone (Century 21 Cataneo & Associates)
Please join me at my public open house Sunday may 20, 2012 1- 4pm. Location, location, location… Millponds is minutes away from the route 9 corridor near great shopping and NYC buses. The development offers a pool and a tot lot for the…
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JodiAnn Garone (Century 21 Cataneo & Associates)
Please preview one of the hottest townhouses on the market.. Located just minutes from the NYC Transportation, Shopping & the Jersey Shore. This one is not to me missed..
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JodiAnn Garone (Century 21 Cataneo & Associates)
I can not believe that my baby James is nine months today it seemed like yesterday I just had him. I certainly found the slow down in the market allowed me to enjoy his all first monments. :) Below is a photo for my fellow realtor friend Marie…
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JodiAnn Garone (Century 21 Cataneo & Associates)
Purchasing a home with a low down payment is important for a number of reasons, including the buyer's ability to have extra cash left over for closing costs, decorating expenses, upgrades and/or other essentials needed to turn their new house…
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JodiAnn Garone (Century 21 Cataneo & Associates)
Status: Active (4/14/2012) Cat: CON MLS#: 21214310 ListPrice: $345, 000 County: Monmouth Bldg Num: Muni: ABERDEEN ApxYrBlt: 2003 Postal 64 W ASPEN WAY ApxSqFt: 0 SqFt..
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