Remodeling Values - Sherry Cleveland, Birmingham Alabama Real Estate Information

Remodeling Values

Certain remodeling projects will increase the livability and the marketability of a home. Some projects will actually increase the value of the home and allow an owner to recapture the cost of the updating or additions.

The National Association of the Remodeling Industry offers a free brochure for consumers that suggests basic guidelines to help make planning a remodeling project easier. To receive a free copy of Selecting a Professional Remodeling Contractor, write:

NARI
4900 Seminary Road #320
Arlington, VA 22311
Their phone number is 800-966-7601.

Remodeling Job	Average Job Costs	Average Resale Value	Cost Recouped

Minor Kitchen Remodel	$ 8,047	$ 12,333	153%
Major Kitchen Remodel	22,030	28,358	129%
Bath Addition	11,444	12,000	105%
Bath Remodel	8,344	8,500	102%
Family Room Addition	29,451	28,333	96%
Master Bedroom Suite	34,949	30,000	86%
Siding Replacement	4,618	3,833	83%
Two-Story Addition	53,676	43,333	81%
Deck Addition	5,717	4,333	76%
Attic Bedroom	22,854	17,000	74%
Window Replacement	5,614	3,667	65%
Home Office	8,627	4,000	46%

Source: Remodeling Magazine's 1998-99 Cost vs. Value Report, National Association of the Remodeling Industry

Sherry Cleveland Frye

(205) 266-6684 Direct • (205) 313-8500 Office

Email: sherryfrye@bellsouth.net

RE/MAX Southern Homes