The numbers are in from the National Association of Realtors and the National Association of the Remodeling Industry on the cost and return on remodeling projects.

We’ve put the analysis into a quick guide for agents to share with their clients. INTERIOR New Master Suite/Owner’s Suite NARI Remodelers’ cost estimate: $150,000 NAR’s estimated cost recovered: $75,000 Percent of value recovered: 50 percent Kitchen Upgrade NARI Remodelers’ cost estimate: $38,300 NAR’s estimated cost recovered: $20,000 Percent of value recovered: 52 percent Complete Kitchen Renovation NARI Remodelers’ cost estimate: $68,000 NAR’s estimated cost recovered: $40,000 Percent of value recovered: 59 percent Bathroom Renovation NARI Remodelers’ cost estimate: $35,000 NAR’s estimated cost recovered: $20,000 Percent of value recovered: 57 percent Add New Bathroom NARI Remodelers’ cost estimate: $60,000 NAR’s estimated cost recovered: $30,000 Percent of value recovered: 50 percent Basement Conversion to Living Area NARI Remodelers’ cost estimate: $46,900 NAR’s estimated cost recovered: $30,000 Percent of value recovered: 64 percent Attic Conversion to Living Area NARI Remodelers’ cost estimate: $80,000

NAR’s estimated cost recovered: $45,000 Percent of value recovered: 56 percent Insulation Upgrade NARI Remodelers’ cost estimate: $2,400 NAR’s estimated cost recovered: $2,000 Percent of value recovered: 83 percent Closet Renovation NARI Remodelers’ cost estimate: $6,300 NAR’s estimated cost recovered: $2,500 Percent of value recovered: 40 percent New Wood Flooring NARI Remodelers’ cost estimate: $4,700 NAR’s estimated cost recovered: $5,000 Percent of value recovered: 106 percent Hardwood Flooring Refinish NARI Remodelers’ cost estimate: $2,600 NAR’s estimated cost recovered: …

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Article From: "Timothy Inklebarger"   Read full article

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McDevitt Law Group

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