What's The Value Of A Home Improvement?

This year's "Cost versus Value" report has recently been published by Remodeling Magazine in association with the National Association of Realtors. I thought you might like to read the results for the Tampa Bay area. Essentially, the report seeks to answer the question: "If I spend money on a home improvement, will I recoup my investment if I sell the house?"

With so many area homeowners spending money on various kinds of home improvements, obtaining this kind of data may be quite useful. So, here are the highlights of this year's survey using average costs for the Tampa Bay area.

Project Job Cost Reseal Value % of Cost Recouped

Bathroom Remodel $10,013 $11,168 111.5%
Minor Kitchen Remodel $14,473 $16,367 113.1%
Siding Replacement $6,900 $6,952 100.7%
Attic Bedroom $36,589 $47,946 131.0%
Deck Addition $10,906 $10,950 100.4%
Replacing 10 Windows $9,108 $8,609 94.5%
Roof Replacement $9,469 $9,096 96.1%
Family Room Addition $51,316 $50,581 98.6%
Home Office Remodel $12,174 $10,833 89.0%

This report is something that comes out once a year. I'll give you another report in 2007. In the meantime, happy remodeling.