Home Improvement Contractor in Santa Cruz, CA
Remodeling Costs vs. Resale Value
In addition to the enjoyment you'll gain from your newly remodeled home, typically, remodeling tends to pay back a good percentage of the cost and increases the likelihood that your home will sell quickly. In fact, several Santa Cruz realtors have said that due to high property values in Santa Cruz county, every $1.00 spent on a remodeling job can yield up to $2.00 when your home is sold. Nationally, returns are generally less, but the chart below gives an idea of the percentage of return for a given remodelling project.
| Here is an easy to use chart (extracted from a national real estate data base) which includes percentage recouped upon resale | |||
|---|---|---|---|
| Type of Remodel | Job Cost | Resale Value | % Recouped |
| Minor Kitchen Remodel | $9,182 | $8,653 | 94% |
| Bathroom Addition | $12,577 | $11,244 | 89% |
| Major Kitchen Remodel | $24,486 | $21,230 | 87% |
| Family Room Addition | $32,984 | $27,830 | 84% |
| Two-Story Addition | $60,732 | $50,761 | 84% |
| Attic Bedroom | $25,267 | $20,869 | 83% |
| Master Suite | $39,112 | $32,153 | 82% |
| Bathroom Remodel | $9,468 | $6,947 | 73% |
| Replace Siding | $5,301 | $3,787 | 71% |
| Window Replacement | $6,374 | $4,339 | 68% |
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