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2002 Cost vs. Value Report
Bathroom remodel In many homes, the bathroom doubles as sanctuary. Or it can, if homeowners are willing to spend enough. For Stephanie Witt, a bathroom and kitchen remodeler and owner of Kitchens by Stephanie in Grand Rapids, Mich., the issue often comes down to, “Do you want the room of your dreams or one that’ll pay back your investment?”
As it turns out, homeowners can have both. Measured as a national average, the midrange price of turning a worn-out bathroom into new space is $9,720. That recoups $8,506, or 88 percent.
The “room of your dreams”—a bathroom with all the trimmings—runs $22,639 but recoups 91 percent of cost, or $20,609. PROJECT DESCRIPTIONS MIDRANGE Update a bathroom that is at least 25 years old. Replace all fixtures to include a standard-sized tub with ceramic tile surround, a toilet, a solid-surface vanity counter with an integral double sink, a recessed medicine cabinet, a ceramic tile floor, and vinyl wallpaper.
UPSCALE Expand a 5-by-7-foot bathroom to 9 by 9 feet within the house’s original footprint. Double the number of windows and replace the tub with a custom dual 4-by-6-foot shower in a tile enclosure and glass block surround. The shower includes top-of-the-line fittings and a full-body wash wall. Relocate the toilet into a partitioned area, and replace it with a one-piece color unit. Add a custom vanity cabinet with twin sinks set in granite tops, a linen/towel storage closet, general and spot lighting, and a humidistat-controlled exhaust fan. A tile floor, papered walls, and hardwood trim finish the job.
| | MIDRANGE | UPSCALE | | Market | Job
Cost | Resale
Value | Cost
Recouped | Job
Cost | Resale
Value | Cost
Recouped | | National Average | $9,720 | $8,506 | 88% | $22,639 | $20,609 | 91% | | Atlanta | 8,980 | 8,909 | 99 | 21,394 | 25,405 | 119 | | Boston | 10,887 | 11,885 | 109 | 24,784 | 38,230 | 154 | | Buffalo, N.Y. | 9,378 | 6,780 | 72 | 21,976 | 15,200 | 69 | | Chicago | 11,029 | 12,019 | 109 | 24,983 | 24,748 | 99 | | Cincinnati | 9,767 | 6,500 | 67 | 22,274 | 19,167 | 86 | | Cleveland | 10,484 | 7,984 | 76 | 23,649 | 14,706 | 62 | | Columbus, Ohio | 9,753 | 5,270 | 54 | 22,367 | 12,296 | 55 | | Dallas | 8,464 | 5,625 | 66 | 20,667 | 13,750 | 67 | | Denver | 9,361 | 5,645 | 60 | 21,813 | 15,867 | 73 | | Detroit | 10,358 | 7,863 | 76 | 23,719 | 14,750 | 62 | | Houston | 8,732 | 6,250 | 72 | 21,045 | 15,875 | 75 | | Indianapolis | 9,510 | 5,500 | 58 | 22,179 | 13,800 | 62 | | Kansas City, Mo. | 9,573 | 6,156 | 64 | 22,349 | 13,125 | 59 | | Los Angeles area | 10,634 | 12,892 | 121 | 24,392 | 29,544 | 121 | | Los Angeles | 10,852 | 16,783 | 155 | 24,667 | 40,250 | 163 | | Orange County, Calif. | 10,415 | 9,000 | 86 | 24,117 | 18,838 | 78 | | Miami | 8,352 | 6,450 | 77 | 20,390 | 15,750 | 77 | | Milwaukee | 9,992 | 8,398 | 84 | 23,225 | 20,907 | 90 | | Minneapolis | 10,706 | 11,840 | 111 | 24,570 | 25,000 | 102 | | New Orleans | 8,190 | 6,586 | 80 | 20,025 | 16,003 | 80 | | New York area | 10,544 | 11,348 | 108 | 23,989 | 26,755 | 112 | | Passaic, N.J. | 10,940 | 7,750 | 71 | 24,575 | 18,000 | 73 | | Nassau-Suffolk, N.Y. | 10,799 | 11,960 | 111 | 24,495 | 23,599 | 96 | | Fairfield-New Haven, Conn. | 9,894 | 14,333 | 145 | 22,898 | 38,667 | 169 | | Norfolk, Va. | 7,569 | 6,400 | 85 | 19,044 | 15,000 | 79 | | Orlando, Fla. | 8,250 | 5,688 | 69 | 20,178 | 15,245 | 76 | | Philadelphia | 10,486 | 12,362 | 118 | 23,941 | 24,900 | 104 | | Phoenix | 8,962 | 5,333 | 60 | 21,471 | 11,917 | 56 | | Pittsburgh | 10,120 | 5,500 | 54 | 23,063 | 12,125 | 53 | | Portland, Ore. | 10,235 | 7,583 | 74 | 23,343 | 20,167 | 86 | | Providence, R.I. | 9,768 | 7,125 | 73 | 22,695 | 17,875 | 79 | | Sacramento, Calif. | 10,642 | 8,928 | 84 | 24,220 | 20,900 | 86 | | Salt Lake City | 8,553 | 7,205 | 84 | 20,713 | 14,802 | 71 | | St. Louis | 10,268 | 9,083 | 88 | 23,431 | 17,973 | 77 | | San Antonio | 8,665 | 5,921 | 68 | 20,825 | 18,750 | 90 | | San Diego | 10,314 | 8,250 | 80 | 23,730 | 25,000 | 105 | | San Francisco area | 12,193 | 18,207 | 149 | 26,684 | 42,726 | 160 | | San Francisco | 12,193 | 18,000 | 148 | 26,684 | 44,600 | 167 | | Oakland, Calif. | 12,193 | 18,413 | 151 | 26,684 | 40,852 | 153 | | Seattle | 10,551 | 10,103 | 96 | 24,204 | 21,788 | 90 | | Tampa, Fla. | 7,750 | 4,500 | 58 | 19,526 | 13,333 | 68 | | Washington, D.C., area | 8,535 | 6,286 | 74 | 20,756 | 18,608 | 90 | | Washington, D.C. | 8,976 | 8,667 | 97 | 21,650 | 28,333 | 131 | | Baltimore | 8,752 | $4,459 | 51 | 20,949 | 11,825 | 56 | | Richmond, Va. | 7,877 | $5,733 | 73 | 19,670 | 15,667 | 80 |
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