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Upgrading your home is always appealing, but which enhancements really get you a good return for your money when it’s time to sell? The 2003 Cost vs. Value Report by Remodeling magazine and REALTOR® Magazine has the answer.
|
2002 |
2003 |
Variance |
| Bathroom Remodel |
| Midrange |
89.3 % |
87.5 % |
1.8 % |
| Upscale |
92.6 % |
91.0 % |
1.6 % |
| |
| Bathroom Addition |
Midrange
|
95.0 |
94.2 |
0.08 |
| Upscale |
84.3 |
81.4 |
2.9 |
| |
| Major Kitchen Remodel |
| Midrange |
74.9 |
66.6 |
8.3 |
| Upscale |
79.6 |
79.8 |
-0.2 |
| |
| Master Suite |
| Midrange |
76.4 |
75.1 |
1.3 |
| Upscale |
76.9 |
76.8 |
0.1 |
| |
| Family Room |
| Midrange |
80.6 |
79.5 |
1.1 |
| |
|
|
|
| |
| Deck |
| Midrange |
104.2 |
N/A* |
N/A* |
| |
|
|
|
| |
| Basement Remodel |
| Midrange |
79.3 |
78.7 |
0.6 |
| |
|
|
|
| |
| Siding Replacement |
| Midrange |
98.1 |
79.1 |
19.0 |
| |
|
|
|
| |
Window Replacement
|
| Midrange |
84.8 |
73.8 |
11 |
| Upscale |
87.0 |
77.0 |
10 |
| |
| Attic Bedroom |
| Midrange |
92.8 |
N/A* |
N/A* |
| |
|
|
|
| |
To see the complete article, visit: http://www.realtor.org/rmomag.NSF/pages/costvaluedec03
Reprinted from REALTOR® Magazine Online by permission
of the NATIONAL ASSOCIATION OF REALTORS® Copyright 2003.
All rights reserved. www.REALTOR.org/realtormag
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