The Value of Home Improvements.
This is just a small sampling of the data from Remodeling Magazine's
Cost vs. Value Report to show resale values for home improvements.
Resale values vary by geography, and we use the cost recouped from remodels for the Chicago area rather than the national numbers.
While the data presented here can help set expectations for homeowners contemplating remodeling work, some figures will vary due to the leveling effect of averaging. A variety of factors can affect both the cost of remodeling and the resale value of homes. For the complete report, please contact Murphy's Window and Sunrooms at 800.640.6873.
| Improvement Type |
Detailed Description |
Job Cost |
Resale Value |
Cost Recouped |
Siding Replacement (Mid-range)
|
Replace 1,250 square feet of existing siding with new vinyl siding and add all new trim.
|
$6,910 |
$15,082 |
218.3%
|
Window Replacement (Mid-range)
|
Replace 10 existing 3-by-5-foot double-hung windows with vinyl- or aluminum-clad, double-glazed, wood replacement windows
- Wrap existing exterior trim as required to match
- Do not disturb existing interior trim
|
$9,312 |
$13,589 |
145.9%
|
Window Replacement (Upscale)
|
Replace 10 existing 3-by-5-foot double-hung windows with double-glazed simulated-divided-light windows
- Interior finish of stained hardwood
- Exterior finish of custom-color aluminum cladding
- Trim exterior to match existing
- Do not disturb existing interior trim
|
$15,323 |
$19,259
|
125.7%
|
Sunroom Addition
|
Add a 200-square-foot sunroom, including footings and slab-on-grade foundation
- Post-and-beam framing exposed on interior side
- Extruded aluminum window frame-and-flashing system with insulated, low-E, laminated, or tempered glazing
- Provide for natural ventilation using screens; provide ceiling fan
- Insulate all non-glass areas; provide movable shades for glass area
- Quarry tile or equal substance on floor
|
$30,490 |
$28,749 |
94.3%
|
2004 Remodeling Magazine Cost vs. Value Report
This report describes how much of the cost of a remodeling project can be recovered at resale.
