To Remodel or Not to Remodel: Cost vs. Value in 2014

TO REMODEL OR NOT TO REMODEL: COST VS. VALUE -IN 2014- 00 Learn about the average costs of popular remodeling projects across the U.S. and their estimated resale value for 2014. TRENDS COST vs. VALUE 2008-2013 $50,000 90% $40,000 80% $30,000 70% $20,000 60% $10,000 50% $0 40% 2008 2009-10 2010-11 2011-12 2013 2014 Cost Value Source: 2014 Hanley Wood Media, Inc. 2014 National Averages Kitchen Remodel COST RECOUPED JOB COST $54,909 $40,732 74.20% RESALE VALUE CHANGE VS 2013 Bathroom Remodel COST JOB COST RECOUPED $16,128 $11,688 72.50% RESALE VALUE CHANGE VS 2013 2nd Story Addition COST RECOUPED JOB COST $155,365 $111,579 71.80% RESALE VALUE CHANGE VS 2013 OORoom Additions COST JOB COST RECOUPED $80,765 $55,540 68.80% RESALE VALUE CHANGE VS 2013 The 2014 Cost Vs. Value Report shows that the national average cost-value ratio is up more than 9% with 15 projects improving between 10% and 28% compared with 2013. *Based on midscale projects 2014 Pacific Region Averages JOB COST $62,163 $55,020 RESALE VALUE COST RECOUPED 89% Kitchen Remodel CHANGE VS 2013 JOB COST $19,091 O $17,535 C RESALE VALUE COST RECOUPED 92% Bathroom Remodel CHANGE VS 2013 JOB COST $175,049 $156,799 RESALE VALUE COST RECOUPED 90% 2nd Story Addition CHANGE VS 2013 JOB COST $95,529 $85,650 RESALE VALUE COST RECOUPED 90% Room Additions CHANGE VS 2013 Top 10 Cities With More Than 80% Return on Home Remodeling Investment CITIES COST RECOVERED Honolulu, HI 110.80% San Francisco, CA 109.40% San Jose, CA 99.90% San Diego, CA 89.80% Bridgeport, CA 85.90% ------------ Fort Meyers, FL 83.90% Charleston, SC 82.80% -------------------. Oklahoma City, OK 82.30% Washington, DC 81.70% Austin, TX 81.30% Source: 2014 OOST VS. VALUE REPORT, Remodeling Magazine SOURCES: SINCE I87s http://www.remodeling.hw.net/cost-vs-value/2014/pacific/ http://www.remodeling.hw.net/cost-vs-value/2014/trends http://www.totalprotect.com/cost-vs-value-home-remodeling MURRAY LAMPERT. DE SIGN EUILD REMODEL %24