2012 Cost vs. Value

By
Real Estate Agent with RE/MAX 100

While homeowner’s cannot expect to get 100% return on their home remodeling projects, the following are the top, mid-range projects from this year’s Remodeling Magazine’s annual Cost vs. Value report for 2011-2012, based on what home owners stand to recoup at time of resale.  Note: these are the national averages.  The report also has regional averages – for example, in the South Atlantic Region (Maryland), the Attic Bedroom remodel cost recouped is 80.6%.

1. Replacing the entry door to steel

Estimated cost: $1,238
Cost recouped at resale: 73%

2. Attic bedroom (converting unfinished attic space into a bedroom with bathroom and shower)

Estimated cost: $50,148
Cost recouped at resale: 72.5%

3. Minor kitchen remodel (including new cabinets and drawers, countertops, hardware, and appliances)

Estimated cost: $19,588
Cost recouped at resale: 72.1%

4. Garage door replacement

Estimated cost: $1,512
Cost recouped at resale: 71.9%

5. Deck addition (wood)

Estimated cost: $10,350
Cost recouped at resale: 70.1%

6. Siding replacement (vinyl)

Estimated cost: $11,729
Cost recouped at resale: 69.5%

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