Luxury Home Spa Gets Craned in at Aspen
I love the report that Remodeling Magazine brings us each year on Cost vs Value. It is such an insightful piece of information especially if you are on the fence about a remodeling project. I know that we really have seen a growth in sales over the past year and this report enforces that fact. Americans are spending money again on their homes. Cost-recouped percentages were up for all 35 projects in the survey including Deck additions or Bathroom remodels.
Spring is upon us and there is no better time than now to add onto your home with a high end hot tub on that new deck or a luxury bathtub such as a copper bath in that new bathroom addition.
Check out the 2013 survey:
2013 National Averages
| Midrange Projects |
| Project | Job Cost | Resale Value | Cost Recouped | Change vs. 2011-12 |
|---|---|---|---|---|
| Attic Bedroom | $47,919 | $34,916 | 72.9% |  |
| Backup Power Generator | $11,410 | $6,014 | 52.7% | |
| Basement Remodel | $61,303 | $43,095 | 70.3% | |
| Bathroom Addition | $37,501 | $20,569 | 54.8% | |
| Bathroom Remodel | $15,782 | $10,295 | 65.2% | |
| Deck Addition (composite) | $15,084 | $10,184 | 67.5% | |
| Deck Addition (wood) | $9,327 | $7,213 | 77.3% | |
| Entry Door Replacement (fiberglass) | $2,753 | $1,813 | 65.9% | |
| Entry Door Replacement (steel) | $1,137 | $974 | 85.6% | |
| Family Room Addition | $79,006 | $50,013 | 63.3% | |
| Garage Addition | $48,806 | $31,091 | 63.7% | |
| Garage Door Replacement | $1,496 | $1,132 | 75.7% | |
| Home Office Remodel | $27,292 | $11,911 | 43.6% | |
| Major Kitchen Remodel | $53,931 | $37,139 | 68.9% | |
| Master Suite Addition | $101,873 | $64,390 | 63.2% | |
| Minor Kitchen Remodel | $18,527 | $13,977 | 75.4% | |
| Roofing Replacement | $18,488 | $11,633 | 62.9% | |
| Siding Replacement (vinyl) | $11,192 | $8,154 | 72.9% | |
| Sunroom Addition | $72,179 | $33,529 | 46.5% | |
| Two-Story Addition | $152,470 | $99,674 | 65.4% | |
| Window Replacement (vinyl) | $9,770 | $6,961 | 71.2% | |
| Window Replacement (wood) | $10,708 | $7,852 | 73.3% | |
| Upscale Projects |
| Project | Job Cost | Resale Value | Cost Recouped | Change vs. 2011-12 |
|---|---|---|---|---|
| Bathroom Addition | $70,969 | $39,730 | 56.0% | |
| Bathroom Remodel | $50,007 | $29,162 | 58.3% | |
| Deck Addition (composite) | $34,403 | $20,532 | 59.7% | |
| Garage Addition | $80,511 | $44,034 | 54.7% | |
| Garage Door Replacement | $2,720 | $2,046 | 75.2% | |
| Grand Entrance (fiberglass) | $7,088 | $4,528 | 63.9% | |
| Major Kitchen Remodel | $107,406 | $64,113 | 59.7% | |
| Master Suite Addition | $220,086 | $114,569 | 52.1% | |
| Roofing Replacement | $33,880 | $19,194 | 56.7% | |
| Siding Replacement (fiber-cement) | $13,083 | $10,379 | 79.3% | |
| Siding Replacement (foam-backed vinyl) | $13,818 | $9,926 | 71.8% | |
| Window Replacement (vinyl) | $13,055 | $9,295 | 71.2% | |
| Window Replacement (wood) | $16,361 | $11,194 | 68.4% | |
