If you are planning a project to help sell your home, you may want to consider the following statistics. This data is for the year of 2007. As you can see, there are no projects over 100%. That said, these are statistical averages based at a time where we have had downward market trends in the resale values of homes. Each individual situation may be different and these facts are not meant to encourage or discourage your project.

2007 Averages

New England

National Average

Project Midrange
Job Cost
Resale Value
Cost Recouped
Job Cost
Resale Value
Cost Recouped
Attic Bedroom Remodel
$48,982
$37,584
76.7%
$46,691
$35,771
76.6%
Back-Up Power Generator
$13,759
$7,317
53.2%
$13,357
$7,748
58.0%
Basement Remodel
$61,673
$40,544
65.7%
$59,435
$44,661
75.1%
Bathroom Addition
$38,617
$25,437
65.9%
$37,202
$24,553
66.0%
Bathroom Remodel
$16,302
$12,197
74.8%
$15,789
$12,366
78.3%
Deck Addition - Wood
$10,634
$8,977
84.4%
$10,347
$8,835
85.4%
Family Room Addition
$81,931
$54,713
66.8%
$78,989
$54,148
68.6%
Garage Addition
$55,598
$37,067
66.7%
$53,897
$37,461
69.5%
Home Office Remodel
$27,630
$15,398
55.7%
$27,193
$15,498
57.0%
Major Kitchen Remodel
$56,438
$43,848
77.7%
$55,503
$43,363
78.1%
Master Suite Addition
$102,741
$70,175
68.3%
$98,863
$68,172
69.0%
Minor Kitchen Remodel
$21,516
$18,507
86.0%
$21,185
$17,576
83.0%
Roofing Replacement
$20,307
$14,065
69.3%
$18,042
$12,166
67.4%
Siding Replacement
$9,990
$9,156
91.7%
$9,910
$8,245
83.2%
Sunroom Addition
$71,064
$41,289
58.1%
$69,817
$41,231
59.1%
Two-Story Addition
$143,298
$105,475
73.6%
$139,297
$103,010
73.9%
Window Replacement - Vinyl
$10,702
$8,698
81.3%
$10,448
$8,290
79.3%
Window Replacement - Wood
$11,697
$9,514
81.3%
$11,384
$9,241
81.2%

© 2007 Hanley Wood, LLC. Reproduced by permission. Complete city data from the Remodeling 2007 Cost vs. Value Report can be downloaded for free at costvalue.remodelingmagazine.com.