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Real Estate Blog
Real Estate Blog 
Monday, 08 September 2008

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

POSTED BY: Peggy Graves AT 10:12 am   |  Permalink   |  E-mail this



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Coldwell Banker

Peggy Graves
Coldwell Banker Real Estate Now

327 North Parkway
Jackson, TN 38305
Office: (731) 664-2342
Cell: (731) 225-6920
Fax: (731) 664-2386
peggy@peggygraves.com

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