Loan Information

Home Improvement:
Cost vs. Value

Home improvements not only make your house a more enjoyable place to live, they can also increase the resale value of your home. The true test of how much value they add occurs when you put your house up for sale. Below is a listing of home improvements, along with the cost, added resale value of the project and the expected cost that can be recouped. This information comes from Remodeling Magazine's Cost vs. Value Report.

ProjectJob CostCost RecoupedResale Value
Replace Windows$7,90867%$5,322
Minor Kitchen Remodel$15,67091%$14,324
Replace Siding$6,13082%$5,005
Master Suite$67,74562%$41,830
Bathroom Addition$15,08079%$11,865
Sunroom Addition$28,57558%$16,636
Major Kitchen Remodel$32,64558%$18,901
Attic Bedroom$30,08733%$10,014
Family Room Addition$50,38878%$39,351
Bathroom Remodel$10,20189%$9,055
Deck Addition$8,42354%$4,509
Reprinted with permission from Remodeling Magazine.

A minor kitchen remodel topped the list with a 90% cost recovery at resale. Of course, the cost shown here only takes into account the actual cost recouped at resale. The added value that such improvements give you while you are living in the house can only be measured by you.

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The information presented in this publication is general in nature; it is not our intention to provide specific advice to individuals or a comprehensive discussion of the subject matter. We suggest that you consult with your financial or tax advisor, accountant or attorney to obtain specific advice or comprehensive information.
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