Home Remodeling Price vs. Value, Home Improvement Contractor


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Kevin G.
Boulder County Parks and Open Space
Working with Kevin has been an absolute pleasure! The work that he has done for the rental house has been amazing. All of the work that he has done was very precise and complete and he was able to do it without any inconvenience to the tenant...

 
Starr Group
Overall Price vs. Added Value
The following information should guide you in making home remodeling decisions. Just call if you have any questions on what the costs would be for your house remodeling ideas.

Cordially,

Kevin Ransom
Proprietor
303-772-5510

Remodeling Job Values

Many restoration or remodeling projects can increase the overall value of a home. Most projects will actually allow the homeowner to recoup the cost of the additions from the increased equity due to the restorations.
Remodeling Job Avg. Job Costs Avg. Resale Value Cost Recovered
Minor Kitchen Remodeling $ 8,047 $ 12,333 153%
Major Kitchen Remodeling $ 22,030 $ 28,358 129%
New Bath Addition $ 11,444 $ 12,000 105%
New Bathroom Remodel $ 8,344 $ 8,500 102%
Living Room Addition $ 29,451 $ 28,333 96%
Master Bedroom $ 34,949 $ 30,000 86%
Siding Replacement $ 4,618 $ 3,833 83%
Two Story Addition $ 53,676 $ 43,333 81%
New Deck $ 5,717 $ 4,333 76%
Attic Bedroom Remodel $ 22,854 $ 17,000 74%
Replace Windows $ 5,614 $ 3,667 65%
Home Office Remodel $ 8,627 $ 4,000 46%
Source: Remodeling Magazine's Cost vs. Value Report, National Association of the Remodeling Industry


Trendy Restoration Projects

Job Job Cost Resale Value Cost Recovered
Small Kitchen Remodel
Replacement of cabinet doors, oven and counter, laminate counter tops, faucet, sink and floor, repaint.
$ 8,568 $ 8,355 98%
Large Kitchen Remodel
Redesign new kitchen, replacing all or some of the above, built in microwave, custom lighting system, resurfaced island.
$ 30,779 $ 37,432 122%
Small Bathroom Remodel
Updating existing bathtub with new tub, new toilet, new vanity, new cabinets, tile work and increased lighting.
$ 9,044 $ 10,082 111%
Large Bathroom Addition
The addition of bathrooms to a home with only 1 existing bathroom.
$ 13,779 $ 16,820 122%
Master Bedroom
In a home with only 2 or 3 bedrooms, add a 24- foot by 16-foot master bedroom with walk in closets, large Jacuzzi tub and additional shower.
$ 42,398 $ 41,788 99%
Large Two-Floor Addition
Major remodeling on first floor living room and 2nd floor bedroom with containing an additional full bath.
$ 72,817 $ 67,655 93%
Converting an Attic to a Bedroom
In a 2 or 3 bedroom home, convert unused attic space with a small bedroom and half-bath.
$ 26,734 $ 31,440 118%
Family/Living Room Addition
Build a 15- by 26-foot room with advanced natural lighting, skylights and hardwood floors.
$ 30,650 $ 32,132 105%
New Deck
20'x20' deck of pine including custom bench, trimmings and awning.
$ 7,942 $ 6,595 83%
Replacement Siding
1000+ sq. feet of new or aluminum or vinyl siding and trim work.
$ 5,099 $ 1,717 30%
New Home Office
Conversion of a bedroom into a home office with rewiring Convert existing room into office with custom cabinetry and rewiring for electronic equipment
$ 8,272 $ 5,597 68%
Replacement Window
9-10 new 3'x5' sq. ft windows with trim.
$ 7,456 $ 7,139 96%
Source: Remodeling magazine, November 1999 Cost vs. Value


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