Latest Costvs.Value report

By
Real Estate Agent with Casa Grande Realty

 

Wanted to make sure everyone had the latest costsvsvalue report for 2007. I have cut and pasted below. This has brought much success with conversations with Sellers regarding listing price. It has also assisted a Seller with a recent appraiser. I hope this information helps anyone out there.

I have to note the report below is based on the Texas region. You can alter your region and obtain the free report on www.costvsvalue.com

2007 Results Remodeling CostvsValue.com Report

 

West South Central

2007

National Averages

 


Job Cost


Resale Value


Cost Recouped


Project Midrange


Job Cost


Resale Value


Cost Recouped

$40,123

$32,034

79.8%

Attic Bedroom Remodel

$46,691

$35,771

76.6%

$12,052

$8,198

68%

Back-Up Power Generator

$13,357

$7,748

58%

$52,051

$45,249

86.9%

Basement Remodel

$59,435

$44,661

75.1%

$32,482

$24,558

75.6%

Bathroom Addition

$37,202

$24,553

66%

$14,044

$12,766

90.9%

Bathroom Remodel

$15,789

$12,366

78.3%

$9,182

$7,859

85.6%

Deck Addition - Wood

$10,347

$8,835

85.4%

$70,029

$50,042

71.5%

Family Room Addition

$78,989

$54,148

68.6%

$47,529

$34,842

73.3%

Garage Addition

$53,897

$37,461

69.5%

$25,416

$16,373

64.4%

Home Office Remodel

$27,193

$15,498

57%

$51,390

$41,635

81%

Major Kitchen Remodel

$55,503

$43,363

78.1%

$87,122

$62,480

71.7%

Master Suite Addition

$98,863

$68,172

69%

$20,029

$17,694

88.3%

Minor Kitchen Remodel

$21,185

$17,576

83%

$14,130

$9,801

69.4%

Roofing Replacement

$18,042

$12,166

67.4%

$8,884

$7,367

82.9%

Siding Replacement

$9,910

$8,245

83.2%

$64,219

$37,805

58.9%

Sunroom Addition

$69,817

$41,231

59.1%

$124,183

$94,623

76.2%

Two-Story Addition

$139,297

$103,010

73.9%

$9,381

$7,498

79.9%

Window Replacement - Vinyl

$10,448

$8,290

79.3%

$10,174

$8,212

80.7%

Window Replacement - Wood

$11,384

$9,241

81.2%

 

West South Central

Project Upscale

National Averages

 

Job Cost

Resale Value

Cost Recouped

Project
Upscale

Job Cost

Resale Value

Cost Recouped

$65,914

$51,597

78.3%

Bathroom Addition

$73,145

$50,442

69%

$46,182

$35,618

77.1%

Bathroom Remodel

$50,590

$34,588

68.4%

$14,165

$10,805

76.3%

Deck Addition - Composite

$15,039

$11,672

77.6%

$72,784

$51,998

71.4%

Garage Addition

$82,108

$53,056

64.6%

$104,559

$82,248

78.7%

Major Kitchen Remodel

$109,394

$81,096

74.1%

$201,957

$144,200

71.4%

Master Suite Addition

$220,149

$141,120

64.1%

$26,364

$19,282

73.1%

Roofing Replacement (steel)

$33,151

$21,769

65.7%

$12,898

$12,023

93.2%

Siding Replacement (fiber-cement)

$13,212

$11,633

88.1%

$10,989

$8,779

79.9%

Siding Replacement (foam-backed vinyl)

$12,132

$9,668

79.7%

$11,941

$10,080

84.4%

Window Replacement - Vinyl

$13,479

$10,913

81%

$15,899

$13,032

82%

Window Replacement - Wood

$17,383

$13,784

79.3%

 

 

Comments (4)

Richard Dolbeare, R(B)
eXp Realty - Wailuku, HI
R(B), ABR, CRS...Hawaii Multi-Island Specialist
Thanks for sharing this Michelle.  I've bookmarked the site you referenced for future use.  Good stuff!
Mar 29, 2008 06:57 AM
Erik Hitzelberger
RE/MAX Alliance - Louisville REALTOR-Luxury Homes - Louisville, KY
Louisville - Middletown Real Estate
I have to agree with Richard.  This is good info.
Mar 30, 2008 02:46 PM
Rick Sergison
EXP Realty of Canada Inc., Brokerage - Pickering, ON
Durham Region Real Estate Blog

I just stopped by to welcome you to Active Rain. I hope that you find it a great benefit to your business and that you see the value that I have also found here. I am from Charlottesville Virginia and using Active Rain has really increased my business!

My main blog on Active Rain is here: Charlottesville Real Estate Blog, not the link at the bottom of this post.

I hope you will look into the many groups as there are some great group both local and broad based,....

enjoy!

Mar 31, 2008 08:17 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

We invite you back to ActiveRain in 2018!

Much has changed since you last posted to ActiveRain.  I encourage you to take another look at the website.  

  Best to you!

May 24, 2018 06:47 PM