This information was made available from Remodeling Online.
When considering a remodel, think of resale value. The following is current information on several projects you may be considering. The report compares remodeling in the Memphis area to National Statistics in 2007.
Memphis National
| Project |
Cost |
Resale |
% Recouped |
Cost |
Resale |
% Recouped |
|
Attic Bedroom
|
$41K
|
$34K
|
83.5
|
$46K |
$35K |
76 |
| Back up Power |
$12K |
$8K |
65 |
$13K |
$7.7K |
58 |
| Basement Remodel |
$52K |
$42K |
80 |
$59K |
$44K |
75 |
| Bathroom Addition |
$33K |
$22K |
67 |
$37K |
$24K |
66 |
| Bathroom Remodel |
$14K |
$12K |
83 |
$15K |
$12K |
78 |
| Deck Addition |
$9K |
$8K |
91 |
$10K |
$8K |
85 |
| Family Rm Addition |
$70K |
$52K |
74 |
$78K |
$54K |
68 |
| Garage Addition |
$47K |
$35K |
75 |
$53K |
$37K |
69 |
| Home Office Remodel |
$25K |
$16K |
62 |
$27K |
$15K |
57 |
| Major Kitchen Remodel |
$52K |
$42K |
81 |
$55K |
$43K |
78 |
| Master Suite Addition |
$88K |
$65K |
73 |
$98K |
$68K |
69 |
| Minor Kitchen Remodel |
$20K |
$17K |
85 |
$21K |
$17K |
83 |
| Roof Replacement |
$16K |
$12K |
71 |
$18K |
$12K |
67 |
| Siding Replacement |
$8K |
$7K |
89 |
$10K |
$8K |
83 |
| Sunroom Addition |
$65K |
$40K |
62 |
$69K |
$41K |
59 |
| Two Story Addition |
$127K |
$96K |
76 |
$139K |
$103K |
73 |
| Window Replace Vinyl |
$9K |
$7K |
74 |
$10K |
$8K |
79 |
| Window Replace Wood |
$10K |
$8K |
80 |
$11K |
$9K |
81 |
| Bathroom Addition |
$67K |
$49K |
74 |
$73K |
$50K |
69 |
| Bathroom Remodel |
$47K |
$35K |
76 |
$50K |
$34K |
68 |
| Deck Addition |
$14K |
$11K |
80 |
$15K |
$11K |
77 |
| Garage Addition |
$73K |
$52K |
70 |
$82K |
$53K |
64 |
| Major Kitchen Remodel |
$105K |
$81K |
77 |
$109K |
$81K |
74 |
| Master Suite Addition |
$204K |
$136K |
66 |
$220K |
$141K |
64 |
| Roofing Replacement |
$32K |
$22K |
71 |
$33K |
$21K |
65 |
| Siding Replace FIber/cement |
$13K |
$12K |
93 |
$13K |
$11K |
88 |
| Siding Replace Foam Backed Vinyl |
$11K |
$9K |
86 |
$12K |
$9K |
79 |
| Window Replace Vinyl |
$12K |
$10K |
82 |
$13K |
$10K |
81 |
| Window Replace Wood |
$16K |
$13K |
80 |
$17K |
$13K |
79 |
Color Chart = *Average home *Luxury home