The two most common questions we receive from homeowners contemplating a home remodel are:
- How much is my remodel going to Cost?
- How much Value will we gain from the completed project?
A great preliminary resource is the Remodeling Cost vs. Value Report presented each year by Remodeling Magazine. The Remodeling Cost vs. Value Report is an annual review comparing the Average Costs to the Value Added from 22 home renovation categories within mid and upscale price ranges.
This is an excellent resource for homeowners considering a major remodel or prioritizing minor repairs.
Independent industry professionals (realtors, financial analysts, contractors, etc.) contribute data from renovations throughout specific regions across the country. The team at Remodeling sorts through all of that data to give a region-by-region breakdown of how an individual remodeling project will affect one’s home value. In the report you’ll find analysis on everything from large scale remodels, to new windows, to increasing the level of insulation in your attic. The result is a fair analysis of how different projects stack up. This is an excellent resource for any homeowner considering a major remodel or prioritizing minor repairs. Best of all the downloadable report is free to the public!
In an example specific to the Seattle area, the 2022 report analyzes a 200 SF minor kitchen renovation which includes replace fronts with new shaker-style wood panels and drawer fronts, new laminate counters, some new fixtures and appliances. It also includes new resilient floors, painted walls and millwork. The Remodeling Cost vs. Value Report lists the job cost of this scope at $30,942.00. The resale value added will be $26,845.00. This is a recouped cost of 86.8%! This data is right inline with our “Small Kitchen Facelift Cost” which is listed on our website beginning at $35,000.00 on average.
Other projects in the report include Deck Projects, Kitchen & Bath Remodels, Energy Improvements, Millwork Upgrades and Major Additions.
Find out for yourself where your intended project will gain you the best value by downloading your own “Remodeling Cost vs Value Report” here.
“Cost vs. Value” is a registered trademark of Zonda Media.
Do you have a project that you’re considering? Book your In-Home Consultation Today…or give us a call (425) 320-4786, we’d love to hear what you have in mind.