21A Squires Street

  Cortland, N.Y. 13045

  Office: 607- 753-9873

  Cell:    607-345-1846

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Here is some news you can use. Think of your remodeling as an investment.  It's an investment in the quality and enjoyment of your home and that value can't be measured, but the value at resale can be measured.

We often hear people talk about "return on their investment in terms of remodeling and future home sales. Clearly some home remodeling projects have greater impact on the resale of your home than others.  Below is a study reported several years ago which shows the costs in one market for projects and then the value as part of the sale price later.

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 Job Cost Resale Value Cost Recouped
Bathroom Addition $73,145 $50,442 69%
Bathroom Remodel $50,590 $34,588 68.4%
Deck Addition - Composite $15,039 $11,672 77.6%
Garage Addition $82,108 $53,056 64.6%
Major Kitchen Remodel $109,394 $81,096 74.1%
Master Suite Addition $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%
Window Replacement - Vinyl $13,479 $10,913 81%
Window Replacement - Wood $17,383 $13,784 79.3%