Is remodeling your Current Home Worth the Investment?

Before starting a remodeling project, large or small, it is important to have an understanding of how much your investment will be returned when you later sell your home.

While there can be many variables to determining the “cost recouped” such as the condition of the home, the value of the similar homes nearby, and the changes in property values in the surrounding area, the statistics shown below are averages taken from Remodeling Magazine’s study, Remodeling Cost vs. Value Report 2006 and REALTOR Magazine Online, published 12/01/2006.

The highest return on investment remodeling projects for the Atlanta area were:

Project Type Job Cost Resale Value % Recovered

Basement remodel $56,407 $47, 538 84.3%

Major kitchen remodel $53,463 $44,898 84%

Bathroom remodel $12,834 $10,714 83.5%

Deck addition $14,603 $11,580 79.3%

Roofing replacement $14,132 $10,439 73.9%

Window replacement (wood) $10,846 $ 7,911 72.9%

The lowest return on investment remodeling projects for the Atlanta area were:

Home office remodel $19,710 $11,535 58.5%

Sunroom addition $49,258 $32,784 66.6%

Bathroom addition $28,535 $19,589 68.7%