The True Costs vs. Resale Value of Popular Home Renovations

The True Costs vs. Resale Value of Popular Home Renovations iiii TOP RENOVATIONS BY HOMEOWNERS NATIONWIDE 43% Landscaping, deck/patio, or other outside renovations 33% New roof, windows, HVAC, solar, or other heating and insulation upgrades 29% Bathroom remodel 26% Kitchen remodel COST VS. RESALE VALUE According to the Remodeling 2016 Cost vs. Value Report www.costvsvaluo.com NATIONWIDE *The 2016 data represents a 10 week survey period between August and October 2015 Cost Change Cost Resale recouped vs. 2015 DECK ADDITION [WOOD) $10,471 $7,850 75% Down ROOFING REPLACEMENT $20,142 $14,446 71.7% Up WINDOW REPLACEMENT $14,725 $10,794 73.3% Down [VINYL] BATHROOM REMODEL $17,908 $11,769 65.7% Down MINOR KITCHEN REMODEL $20.122 $16,716 83.1% Up MAJOR KITCHEN REMODEL $59,999 $38,938 64.9% Down BASEMENT REMODEL $68,490 $48,194 70.4% Down EAST NORTH CENTRAL WA ME ND VT NH MT MA OR MN NY RI ID SD WI ст WY PA IA NJ DE NE IN OH wv NV MD DC UT CO VA KS мо кY CA NC TN ок SC AZ AR GA MS AL LA TX FL HI Change vs. 2015 Cost Cost Resale recouped DECK ADDITION [WOOD] $10,468 $6,974 66.6% Down ROOFING REPLACEMENT $20,173 $13,055 64.7% Up WINDOW REPLACEMENT $14,814 $9,871 66.6% Down [VINYL) BATHROOM REMODEL $18,383 $10,991 59.8% Down MINOR KITCHEN REMODEL $20,477 $15,057 73.5% Up MAJOR KITCHEN $60,689 $38,626 63.6% Up REMODEL $69,921 $42,643 61% Up BASEMENT REMODEL EAST SOUTH CENTRAL WA ME VT. NH MT ND MA MN OR NY RI ID SD WI MI ст WY PA NJ DE MD DC IA NE IN OH IL NV UT wV VA Co KS мо CA NC SC AZ NM AR GA MS AL тX FL Cost Change Cost Resale recouped vs. 2015 I DECK ADDITION [WOOD] $9,446 $5,995 63% Down ROOFING REPLACEMENT $18,898 $12,279 65% Down WINDOW REPLACEMENT $14,324 $9,109 63.6% Down [VINYL] BATHROOM REMODEL $16,629 $10,208 61.4% Down MINOR KITCHEN REMODEL $18,967 $13,769 72.6% Down MAJOR KITCHEN REMODEL $57,100 $31,503 55.2% Down BASEMENT REMODEL $63,111 $40,964 64.9% Down MIDDLE ATLANTIC WA ME MT ND NH MA OR MN NY SD WI RI ID MI ст WY PA NJ DE MD DC LA NE OH NV IN IL UT wv VA CO KS мо KY CA NC TN SC AZ NM AR GA MS AL LA TX FL AK Change vs. 2015 Cost Cost Resale recouped DECK ADDITION [WOOD] $10,686 $7,595 71.1% Up ROOFING REPLACEMENT $20,822 $13,890 66.7% Up WINDOW REPLACEMENT $15,030 $10,353 68.9% Up [VINYL] BATHROOM REMODEL $18,841 $10,952 58.1% Down MINOR KITCHEN REMODEL $20,842 $15,560 74.7% Up MAJOR KITCHEN $61,399 $38,122 62.1% Up REMODEL BASEMENT REMODEL $71,766 $41,650 57.9% n/a MOUNTAIN WA ME VT. NH MT MA MN OR NY ID WI RI MI ст WY PA NJ DE LA NE он IN NV IL UT wv VA MD DC CO KS мо KY CA NC TN OK SC AZ NM AR AL GA MS LA TX FL AK HI Change vs. 2015 Cost Cost Resale recouped E DECK ADDITION [WOOD] $10,058 $6,983 69.4% Down ROOFING REPLACEMENT $19,230 $12,871 66.9% Down WINDOW REPLACEMENT $14,420 $9,907 68.7% Up [VINYLJ BATHROOM REMODEL $17,061 $10,398 60.9% Down MINOR KITCHEN REMODEL $19,407 $15,177 78.2% Down MAJOR KITCHEN $58,143 $37,542 64.6% Up REMODEL BASEMENT REMODEL $65,281 $45,725 70% Down NEW ENGLAND WA MT MA MN OR NY RI ID SD WI MI ст WY PA NJ DE LA NE он IN NV IL UT WV VA MD CO KS мо KY DC CA NC TN ок SC AZ NM AR AL GA MS LA TX FL AK HI Change vs. 2015 Cost Cost Resale recouped DECK ADDITION [WOOD] $11,594 $8,567 73.9% Down ROOFING REPLACEMENT $22,116 $14.806 66.9% Down WINDOW REPLACEMENT [VINYL) %D $15,073 $11,683 77.5% Up BATHROOM REMODEL $19,159 $12,659 66.1% Down MINOR KITCHEN REMODEL $21,158 $17,610 83.2% Up MAJOR KITCHEN $62,989 $40,942 65% Down REMODEL $73,649 $44,612 60.6% Down BASEMENT REMODEL PACIFIC WA ME VT NH MT ND MA OR MN NY ID SD WI RI MI ст WY PA IA NJ DE NE NV IN OH IL wv VA MD DC UT CO KS мо KY CA NC TN SC AZ NM AR AL GA MS LA TX FL Cost Change vs. 2015 Cost Resale recouped DECK ADDITION [WOOD] $12,935 $11,499 88.9% Down ROOFING REPLACEMENT $22436 $20,378 90.8% Up WINDOW REPLACEMENT $15,627 $14,377 92% Up [VINYL) BATHROOM REMODEL $20,401 $15,539 76.2% Down MINOR KITCHEN REMODEL $22,493 $23,187 Up 103.1% MAJOR KITCHEN $6,299 $49,611 74.8% Down REMODEL BASEMENT REMODEL $79,484 $71,082 89.4% Down SOUTH ATLANTIC WA ME VT. NH MT ND MA MN OR NY SD WI RI ID MI ст WY PA NJ DE JA NE OH NV IN IL wv VA UT MD Co KS мо KY DC CA NC TN AZ NM AR GA MS AL LA TX AK Cost recouped Change vs. 2015 Cost Resale I DECK ADDITION [WOOD) $9,486 $7,649 80.6% Down ROOFING REPLACEMENT $18,898 $14,338 75.9% Up WINDOW REPLACEMENT $14,283 $10,614 74.3% Down [VINYL] BATHROOM REMODEL $16,534 $11,639 70.4% Down MINOR KITCHEN REMODEL $18,907 $16,425 86.9% Up MAJOR KITCHEN REMODEL $56,901. $36,438 64% Down BASEMENT REMODEL $62,777 $46,170 73.5% Down WEST NORTH CENTRAL WA ME VT NH MT ND MA MN OR NY RI ID SD WI MI ст WY PA NJ DE LA NE он IN NV IL wv VA MD UT CO KS мо KY DC CA NC TN ок SC AZ NM AR GA MS AL LA TX FL AK HI Change vs. 2015 Cost Cost Resale recouped I DECK ADDITION [WOOD] $10,313 $6,401 62.1% Down ROOFING REPLACEMENT $20,925 $10,831 51.8% Down WINDOW REPLACEMENT $14.821 $9,130 61.6% Down [VINYL] BATHROOM REMODEL $18,250 $9,871 54.1% Down MINOR KITCHEN REMODEL $20,368 $14,768 72.5% Up MAJOR KITCHEN $60,729 $34,490 56.8% Down REMODEL BASEMENT REMODEL $69,886 $42,324 60.6% Up WEST SOUTH CENTRAL WA ME VT. NH мT ND MA MN OR NY RI ID SD WI MI ст WY PA IA NJ NE он IN NV DE IL wV VA MD DC UT CO KS мо KY CA NC TN ок SC AZ NM AR MS AL LA TX FL AK Change vs. 2015 Cost Cost Resale recouped DECK ADDITION [WOOD] $9,204 $6,789 73.8% Down ROOFING REPLACEMENT $18,508 $13,210 71.4% Down WINDOW REPLACEMENT $14,178 $9,913 69.9% Down [VINYL] BATHROOM REMODEL $16,206 $11,215 69.2% Down MINOR KITCHEN $18,660 $15,264 81.8% Up REMODEL MAJOR KITCHEN $56,329 $37,708 66.9% Down REMODEL BASEMENT REMODEL $61,714 $47,436 76.9% Down Making the decision to renovate your home can be difficult. Weigh the pros and cons to make sure you come out on top when it comes time to sell. © 2016 Hanley Wood, LLC. Complete data from the Remodeling bizjournals.com 2016 Cost vs. Value Report can be downloaded free at www.costvsvalue.com. BROUGHT IN PARTNERSHIP ReplacementParts TO YOU BY WITH .com GHERGICH&Co.