Here’s the scoop on resale value!
Many people call me to ask about the types of upgrades they should make to add more value to their homes. Kitchen and bathroom upgrades have the most impact. Although with any upgrades you never recoup the full value. From my experience, talking to contractors and Remodeling Magazine, here is a helpful list of home updating averages for 2017.
UPSCALE
JOB COST
RESALE VALUE
COST RECOUP
Major Kitchen
$122,991
$76,149
61.9%
Bathroom Addition
$81,515
$46,507
57.1%
Bathroom Remodel
$59,979
$35,456
59.1%
Deck Addition (composite)
$39,339
$22,171
56.4%
MODERATE REMODELING
Major Kitchen
$62,158
$40,560
80.2%
Minor Kitchen
$20,830
$16,699
65.3%
Bathroom Addition
$43,232
$23,283
53.9%
Bathroom Remodel
$18,546
$12,024
64.8%
Deck Addition (composite)
$17,249
$11,252
65.2%
Deck Addition (wood)
$10,707
$7,652
71.5%
Two Story Addition
$176,108
$125,222
71.1%
For more information call or email Gail Crosby at Sotheby’s International Realty
323.428.2864 ~ gailcrosby@aol.com ~ License #01377453
*Information obtained from “Remodeling Magazine” (http://www.remodeling.hw.net/cost-vs-value/2017/pacific/)
Gail Crosby, nor Sotheby’s International Realty, cannot be held liable for the accuracy of the above information.