Should You Remodel?

Home sellers often ask real estate agents how much they will gain by doing remodeling projects to their homes. Will they recover the investment they make in new windows, or will the new kitchen they put in add enough value to their home if they sell within the next year? A recent poll of realtors in conjunction with Remodeling Magazine gives us the following chart:

 Job

 Estimated Cost

 Resale Value

 Cost Recovered
 Kitchen update

$9,878

$9,500

96%
 Remodel kitchen

$25,365

$24,500

 97%
 Family room added

$34,248

$29,250

85%
 Two-story addition

 $63,110

 $62,500

99%
 Add attic bedroom

$26,097

 $20,500

 79%
 Master bdrm suite

$39,997

$37,475

94%
 Bathroom remodel

 $9,808

$9,500

 97%
 Bathroom addition

$12,990

$15,000

 115%
New siding

$5,422

$4,000

74%
 Deck addition

$6,553

 $5,750

 88%
New windows

$6,541

$7,000

107%

Feel free to contact us or your real estate professional if you have any questions on home remodeling.

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Joe Hirsch, Realtor

Keller Williams Realty - 455 Cochran Rd, Mt Lebanon , PA 15228 15317

412-571-3800 or toll free at 1-800-858-7382