Looking to remodel but unsure of what to spend for the project? This information is gathered by the publisher Hanley Wood, LLC, for their magazine Remodeling. The information is based upon national averages and gives an estimate of what certain remodel projects would cost to a homeowner. More importantly, what you can expect for a Return on your Money Spent (Investment) for that particular remodeling project. Please remember that the costs listed below may not reflect the market rates in certain geographic locations at this current time.
2007
National Averages
Project Midrange
Job Cost
Resale Value
Cost Recouped
Attic Bedroom Remodel
$46,691
$35,771
76.6%
Back-Up Power Generator
$13,357
$7,748
58%
Basement Remodel
$59,435
$44,661
75.1%
Bathroom Addition
$37,202
$24,553
66%
Bathroom Remodel
$15,789
$12,366
78.3%
Deck Addition - Wood
$10,347
$8,835
85.4%
Family Room Addition
$78,989
$54,148
68.6%
Garage Addition
$53,897
$37,461
69.5%
Home Office Remodel
$27,193
$15,498
57%
Major Kitchen Remodel
$55,503
$43,363
78.1%
Master Suite Addition
$98,863
$68,172
69%
Minor Kitchen Remodel
$21,185
$17,576
83%
Roofing Replacement
$18,042
$12,166
67.4%
Siding Replacement
$9,910
$8,245
83.2%
Sunroom Addition
$69,817
$41,231
59.1%
Two-Story Addition
$139,297
$103,010
73.9%
Window Replacement - Vinyl
$10,448
$8,290
79.3%
Window Replacement - Wood
$11,384
$9,241
81.2%
Project Upscale
Project
$73,145
$50,442
$50,590
$34,588
68.4%
Deck Addition - Composite
$15,039
$11,672
77.6%
$82,108
$53,056
64.6%
$109,394
$81,096
74.1%
$220,149
$141,120
64.1%
Roofing Replacement (steel)
$33,151
$21,769
65.7%
Siding Replacement (fiber-cement)
$13,212
$11,633
88.1%
Siding Replacement (foam-backed vinyl)
$12,132
$9,668
79.7%
$13,479
$10,913
81%
$17,383
$13,784