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REMODELING COSTS VS. RESALE VALUEIn addition to the enjoyment you'll gain from your newly remodeled home, typically, remodeling tends to pay back a good percentage of the cost and increases the likelihood othat your home will sell quickly. In fact, several Santa Cruz realtors have said that due to high property values in Santa Cruz county, every $1.00 spent on a remodeling job can yield up to $2.00 when your home is sold. Nationally, returns are generally less, but the chart below gives an idea of the percentage of return for a given remodelling project. |
Here is an easy-to-use chart (extracted from a national real estate database) which includes percentage recouped upon resale.
| Type of Remodel |
Job Cost |
Resale Value |
% Recouped |
| Minor kitchen remodel |
$9,182 |
$8,653 |
94% |
| Bathroom addition |
$12,577 |
$11,244 |
89% |
| Major kitchen remodel |
$24,486 |
$21,230 |
87% |
| Family room addition |
$32,984 |
$27,830 |
84% |
| Two story addition |
$60,732 |
$50,761 |
84% |
| Attic bedroom |
$25,267 |
$20,869 |
83% |
| Master suite |
$39,112 |
$32,153 |
82% |
| Bathroom remodel |
$9,468 |
$6,947 |
73% |
| Replace siding |
$5,301 |
$3,787 |
71% |
| Window replacement |
$6,374 |
$4,339 |
68% |
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