Kelli La

Top Home Remodeling Projects For Return On Investments

Top Home Remodeling Projects For Return On Investments

Remodeling Magazine just came out with their 2014 Cost vs. Value Report for remodels.  They break down the projects by regions.  You can compare it to our last year  2013 Home Value Report.  Below are the top-ten upscale and mid-range projects for Portland.  Take a look before you plan your next remodel.

 

Midrange
Pacific
Portland, OR
PROJECT
JOB
COST
RESALE VALUE
COST RECOUPED
JOB
COST
RESALE VALUE
COST RECOUPED
CHANGE VS 2013
Attic Bedroom $58,550 $59,815 102.0% $51,381 $45,167 87.9%
Backup Power Generator $12,955 $9,369 72.0% $11,969 $6,871 57.4%
Basement Remodel $75,507 $76,720 102.0% $65,342 $56,211 86.0%
Bathroom Addition $44,693 $35,034 78.0% $39,523 $26,245 66.4%
Bathroom Remodel $19,091 $17,532 92.0% $16,771 $12,586 75.0%
Deck Addition (composite) $17,094 $15,704 92.0% $15,853 $10,750 67.8%
Deck Addition (wood) $11,554 $12,571 109.0% $10,436 $8,281 79.4%
Entry Door Replacement (fiberglass) $2,964 $2,475 84.0% $2,853 $1,919 67.3%
Entry Door Replacement (steel) $1,295 $1,458 113.0% $1,191 $1,076 90.3%
Family Room Addition $95,529 $85,650 90.0% $83,761 $62,813 75.0%
Garage Addition $56,262 $51,294 91.0% $50,920 $41,188 80.9%
Garage Door Replacement $1,734 $1,693 98.0% $1,583 $1,478 93.0%
Home Office Remodel $32,240 $19,767 61.0% $28,936 $13,345 46.1%
Major Kitchen Remodel $62,163 $55,020 89.0% $56,464 $44,257 78.4%
Master Suite Addition $122,188 $98,751 81.0% $106,750 $76,302 71.0%
Minor Kitchen Remodel $21,554 $22,336 104.0% $19,377 $15,879 81.9%
Roofing Replacement $22,716 $19,144 84.0% $19,247 $13,885 72.1%
Siding Replacement (vinyl) $13,591 $11,590 85.0% $11,954 $8,500 71.1%
Sunroom Addition $82,655 $50,364 61.0% $75,502 $40,426 53.5%
Two-Story Addition $175,049 $156,799 90.0% $159,539 $116,185 72.8%
Window Replacement (vinyl) $11,220 $11,206 100.0% $10,240 $8,778 85.7%
Window Replacement (wood) $12,294 $12,565 102.0% $11,208 $9,173 81.8%
Upscale
Pacific
Portland, OR
PROJECT
JOB
COST
RESALE VALUE
COST RECOUPED
JOB
COST
RESALE VALUE
COST RECOUPED
CHANGE VS 2013
Bathroom Addition $82,293 $61,983 75.0% $74,539 $46,662 62.6%
Bathroom Remodel $56,920 $46,135 81.0% $52,549 $32,426 61.7%
Deck Addition (composite) $40,146 $32,472 81.0% $36,267 $22,672 62.5%
Garage Addition $92,958 $65,986 71.0% $84,670 $55,290 65.3%
Garage Door Replacement $3,047 $3,171 104.0% $2,858 $2,311 80.8%
Grand Entrance (fiberglass) $7,697 $6,572 85.0% $7,395 $5,315 71.9%
Major Kitchen Remodel $120,019 $94,410 79.0% $112,111 $79,897 71.0%
Master Suite Addition $251,479 $172,899 69.0% $230,024 $142,157 62.0%
Roofing Replacement $43,167 $32,683 76.0% $36,164 $23,269 64.3%
Siding Replacement (fiber-cement) $15,870 $15,762 99.0% $14,079 $12,833 91.2%
Siding Replacement (foam-backed vinyl) $16,615 $14,563 88.0% $14,772 $11,500 77.8%
Window Replacement (vinyl) $14,377 $14,098 98.0% $13,602 $10,704 78.7%
Window Replacement (wood) $18,009 $17,211 96.0% $17,058 $14,018 82.2%

 

For more information on this subject check http://www.remodeling.hw.net/cost-vs-value/2014


Kelli Laufer
swaimk@msn.com

Kelli works at Cornerstone Builders, where she writes blogs that provide remodeling content advice. She loves all social media outlets and platforms. In her free time, she enjoys keeping up on the latest fashions and daydreaming about where to travel next.