Woods Home Improvements
Return on Investment

ROI

 
     
 
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Return On Investment
 

Average return on remodeling dollars upon resale of home in the Chicago area. Costs listed are average costs and are dependent on site conditions, amenities, upgrades and scope of work needed to complete project. (Taken from Remodeling Magazine's 2009-10 Cost vs. Value Report for the Chicago area.)

Project
Average Cost
Percent Recovered
Description
Minor Kitchen Remodel
 $24,188
 78.4 % 
30 LF cabinet refacing, laminate countertops, fixture and floor upgrades.
Major Kitchen Remodel
 $67,322
 66.9 %
All new  200-square-foot renovation in existing space.  Higher-end appliances, counters, fixtures and cabinets.
Upscale Kitchen Remodel           
 $125,261
 59.4 %
Top of line cabinetry, cherry cabinets w/sliding shelves and accessories, stone countertops, top-end appliances.
Bathroom Remodel           
 $20,199
 61.1 %
5x7 all new in existing space.
Major Bathroom Remodel 
 $63,402
 52.4 %
Expand 5x7 to 9x9, relocate and upgrade fixtures, add ceramic tile.
Small Bath Addition
 $51,162
 51.1
6x8 basic bath added to home footprint.
Master Suite Addition
$135,674
 59

16x24 addition with walk-in closet, whirlpool, and ceramic tile.

2 Story Addition
$198,054
 64.9
 24x16 two-story wing. Includes family room and bedroom with full bath.
Family Room Addition
$108,021
 60.3 %
 16x25 ground level addition
Basement Remodel
 $81,442
 64.5 %
 20x30 entertainment area w/wet bar. 5x8 full bath, 12x12 bonus room.
Attic Bedroom
 $65,972
 79.3 %
 Convert space to 15 x 15 bedroom with 5 x 7 Bath.  Add 15' shed dormer.
Home Office
 $33,322
 45.7 %
Convert 12x12 room to home office. Install cabinets and computer work station. Rewire room for electronic equipment.
Window Replacement
 $14,993
 74.6 %
Replace 10 double-hung windows with wood replacement windows.


 

 

 

 

 

 

 

 
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