Kitchen
|
Low:
High:
|
$15,000
$20,000+
|
80 to 110%
|
Cost includes new cabinets and counter tops and
re-wiring; structural changes, relocated plumbing, custom
cabinetry, and top of the line appliances.
|
Bathroom
|
Low:
High:
|
$7,500
$10,000
|
80 to 115%
|
Cost includes new fixtures and fittings, tile floors and
walls; structural changes, and relocated plumbing.
High-end materials and fixtures raise the cost. Note:
adding a second bath can yield more than 100% resale
value
|
Room Addition
|
Low:
High:
|
$30,000
$40,000
|
50 to 110%
|
Depends on type of room; a family room or new master
suite (don’t forget to include cost of bath) will add much
more vale to a home than a private office or fourth
bedroom.
|
Converting an
attic, basement or
garage to living
space.
|
Low:
High:
|
$10,000
$15,000+
|
25 to 40%
|
Cost assumes no structural changes and no new
plumbing; value added depends on size of house
(smaller house, more value) and type of space created
(family room or bedroom, more value than a gameroom
or exercise area).
|
Adding a Deck
|
Low:
High:
|
$5,000
$10,000+
|
40 to 60%
|
The warmer the climate, the more value added; size of
deck, complexity of design, and added amenities (spa,
trellis work) influence cost.
|
Re-painted Exterior
|
Low:
High:
|
$1,200
$1,500+
|
40 to 60%
|
Assumes old exterior was worn and repainting was done
immediately prior to putting house on market: a new
coat of paint probably adds the “best profit” to selling an
older home.
|
Swimming Pool
|
Low:
High:
|
$20,000
$40,000
|
20 to 40%
|
Cost assumes an average-size pool (16’ x 32’) in a
rectangular shape; value added depends on a desirability
to future owner (banks usually do not include pools in
mortgage appraisals).
|
|
