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Costs
Remodeling and construction costs are calculated in estimates bids to help you better approximate your overall renovation budget. Always add a 12% overrun to the construction and renovation rates received as part of the estimate. Prior preparation of added costs will enable you to form a realistic home improvements budget, and further spare you the stress once the final remodeling bill arrives.
Old homes, scarce materials and plumbing rearrangements may amplify remodeling costs significantly. Usually homes of more than 20 years old endure problematic structuring and shabby plumbing that may require repair before work can begin. Renovation costs may also increase if you require materials that are scarce in your area. Lastly, changing the position of the sink, shower or bathtub will also bump up construction rates extensively.
The following table includes data from the Cost vs Value 2009 report that comprised national averages of most common home improvements done across America:
| Midrange Projects | Job Cost ($) | Resale Value ($) | Cost Recouped (%) |
|---|---|---|---|
| Basement Remodel | 61,011 | 44,467 | 72.9 |
| Bathroom Remodel | 15,899 | 11,857 | 74.6 |
| Deck Addition | 10,000-15,000 | 8,000-12,000 | 73-82 |
| Family Room Addition | 81,315 | 53,608 | 65.9 |
| Major Kitchen Remodel | 56,611 | 43,030 | 76 |
| Minor Kitchen Remodel | 21,246 | 16,881 | 79.5 |
| Roofing Replacement | 18,825 | 12,336 | 65.5 |
| Sunroom Addition | 71,745 | 40,715 | 56.7 |
| Window Replacement | 10,000-12,000 | 8,000-9,000 | 77-78 |
| Upscale Projects | Job Cost ($) | Resale Value ($) | Cost Recouped (%) |
| Bathroom Remodel | 51,455 | 36,400 | 70.7 |
| Major Kitchen Remodel | 110,964 | 78,398 | 70.7 |
| Roofing Replacement | 36,296 | 22,861 | 63 |
| Window Replacement | 13,000-18,000 | 10,000-13,000 | 76-79 |
| Deck Addition | 37,498 | 23,706 | 63.2 |
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