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Which home improvements are adding value to your home and which will
make you feel like you're just burning your money?
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Every year, millions of Americans spend
their hard earned wages on upgrades and improvements to their
homes hoping not only to keep them well maintained, but to add
value to them in the event of a sale down the road. The only
problem is finding out which upgrades add value and which just
empty their checking account!
|
Type of Improvements
|
Estimated Cost of Labor/Materials
|
Recovery Costs
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| Major Kitchen Remodeling |
$8,400 - $12,000 |
80 - 100% |
| Minor Kitchen Remodeling |
$3,100 - $6,000 |
80 - 100% |
| Bathroom Remodeling |
$4,400 - $6,000 |
50 - 75% |
| Bathroom Addition |
$5,000 - $10,000 |
50 - 80% |
| Bedroom Addition |
$6,000 - $15,000 |
65 - 85% |
| Two Car Garage Addition |
$13,100 - $18,500 |
33 - 50% |
| Two Car Carport Addition |
$7,600 - $10,000 |
10 - 50% |
| Energy Efficient Fireplace |
$2,600 - $3,600 |
80 - 100% |
| Energy Efficient Windows &
Doors |
$5,300 - $8,500 |
0 - 20% |
| Exterior Painting |
$900 - $2,500 |
30 - 80% |
| Exterior Re-siding |
$6,100 - $8,000 |
20 - 40% |
| Landscaping Improvements |
$500 - $3,500 |
40 - 60% |
| Swimming Pool |
$9,000 - $17,500 |
0 - 40% |
| Minor Reroofing |
$1,700 - $2,500 |
0 - 20% |
| Major Reroofing |
$3,000 - $4,500 |
0 - 20% |
| Patio Addition |
$1,250 - $4,000 |
35 - 60% |
| Interior Painting |
$1,000 - $3,000 |
30 - 80% |
SOURCE: Institute of Real Estate Appraisers
This Report has been
brought to you by:
Joe Virnig, Broker Associate
RE/MAX Gold Coast Realtors
Ventura, California 93003
Office:(805)644-5005
E-mail: joe@vcres.com
Web Site: http://www.ventura-county-relo.com
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