Home Improvements: What Are They Worth?

How much more will your new kitchen add to the market value of your home? Will you recover the cost of an extra bedroom and bath when you sell? How about new landscaping? 

In countless forms, you, our clients, have asked us essentially one question: 

“What is a home improvement worth?”

The question is important, for while an improvement ma add to your comfort, it does not automatically add to there market value of your home in proportion to its cost.

Here is a summary of relative improvement costs and their market value gathered from a number of sources. It can help you make those important decisions.

IMPROVEMENT                                            COST                                      RECOVERY

Kitchen Remodeling                                   $ 5,000-30,000+                        80-100%

Bathroom Addition                                      $ 5,000-10,000                         80-100%

In home with 1-1/2 baths                                                                           Less than 50%

In home with 2 or more baths

Lavatory                                                      $ 3,000-5,000                         

In home with 1 bath                                                                                  90-100%

Fireplace                                                     $ 5,000-7,000                          80-100%

Central Air Conditioning

To existing system                                      $ 4,000-6,000                           70-100%

New ducts needed                                       $ 5,000-12,000                        Same

One-Car Garage Addition                            $ 7,000                                   50-100%

Two-Car Garage Addition                            $ 10,000+                               Same

Extra bedroom (Small)                                $ 6,000-8,000                          100%

Space already exists                                   $ 6,000-8,000                          100%

Build on new room                                      $ 10,000                                 100%

If addition is third bedroom in house                                                        100%  

If addition is forth bedroom in house                                                        75%

Paneled Family Room                                $ 18,000-25,000+                     80-100%

Finished Basement, Rec. Room                  $ 11,000-15,000

Room-Recovery poor if below ground                                                      30%

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