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What Does it Cost?
You can now have a really good idea of what a specific remodel project or home addition will cost in your area. For the past several years, Realtor Magazine, the National Association of Realtors, Specpan and HomeTech Information Systems have teamed up to provide consumers with this valuable home improvement information.
The report breaks down the entire country into nine distinct regions and shows the improvement costs of over 30 different projects. With this report, homeowners can locate their region, review the list of projects and then find the one that interests them the most. Homeowners then have a true estimation of what that project should really cost. The report even breaks out some of the bigger projects into “minor” or “major” listings as well as “midrange” and “upscale” categories. Below are a few project national averages from this year’s Cost/Value Report:
| MIDRANGE | |
|---|---|
| Basement Remodel | $64,519.00 |
| Bathroom Remodel | $16,634.00 |
| Bathroom Addition | $40,710.00 |
| Fiberglass Entry Door Replacement | $3,576.00 |
| Major Kitchen Remodel | $58,367.00 |
| Minor Kitchen Remodel | $21,695.00 |
| Roofing Replacement | $21,488.00 |
| Siding Replacement (vinyl) | $11,357.00 |
| Window Replacement (wood) | $12,027.00 |
| UPSCALE | |
|---|---|
| Bathroom Remodel | $53,759.00 |
| Major Kitchen Remodel | $113,464.00 |
| Roofing Replacement | $38,022.00 |
| Siding Replacement (vinyl) | $13,973.00 |
| Window Replacement (wood) | $18,226.00 |
The prices take into account a licensed and properly insured contractor doing the work. This is often over looked by the homeowner and can have dire consequences. If a workman is injured on your jobsite or causes an accident and is not properly licensed and/or insured, you the homeowner may be liable for the damage or the health care expense to the injured worker. It is also wise to consider other factors than just price; for example, timeliness, service, professionalism, reputation, etc. Now you can be armed with a good quality estimate before you have a contractor show up at your door, have fun exploring this year’s Cost/Value Report at www.costvsvalue.com and make a wise investment in your best investment, your home.
