 |  2001 Cost vs. Value home Project (average cost recouped, national) Minor kitchen remodel (88%) Bathroom remodel (85%) Major kitchen remodel (81%) Family room addition (80%) Deck addition (77%) Master suite (75%) Attic bedroom (74%) Siding replacement (73%) Window replacement (69%) Home office (55%) ________________ 2002 Cost vs. Value Report 2000 Cost vs. Value Report | | We’re a society with all these toys—computers, Play Stations,” says Milwaukee real estate practitioner Nancy Carpenter. “You’d like your living room not to be cluttered. You need a room to put these things in.” That room is a family room, which, Carpenter says, has broad appeal to the often unpredictable mix of today’s homebuyers. “A young family with kids gets very excited about the family room add-on,” she says. Putting a room on a small house is especially valuable, North Carolina remodeler David Tyson points out. It’s especially attractive in neighborhoods of older houses, typically below average in square footage. It’s also popular in areas where empty nesters are leaving and married couples with young children are taking their places. It costs $46,738 to add the family room in our project description, an investment that returns, as a national average, $37,217, or 80 percent of cost. Design Tips for Consumers - For the same cost, scissored trusses would allow for transom lights over the doors.—Porter
- Design window seats, benches with lift-up tops, or pullout drawers for toy storage.—Kurtz
- Crown moldings add to this type of addition.—Freysinger
Project Description In a style and location appropriate to the existing house, add a 16-by-25-foot room on a new crawlspace foundation with wood joist floor framing, wood siding on exterior walls, and fiberglass shingle roof. Include drywall interior with batt insulation, tongue-and-groove hardwood floor, and 180 square feet of glazing (including windows, atrium-style exterior doors, and two operable skylights). Tie into existing heating and cooling. | Region or City | Job Cost | Resale Value | Cost Recouped | | East Average | $48,028 | $43,620 | 91% | | Albany, N.Y. | 43,414 | 31,725 | 73 | | Baltimore | 42,862 | 24,832 | 58 | | Boston | 54,664 | 101,333 | 185 | | Burlington, Vt. | 37,482 | 28,241 | 75 | | Garden City, N.Y. | 54,693 | 77,700 | 142 | | Hartford, Conn. | 47,910 | 30,000 | 63 | | Lancaster, Pa. | 45,908 | 29,167 | 64 | | Nashua, N.H. | 41,633 | 29,500 | 71 | | New Haven, Conn. | 48,105 | 58,116 | 121 | | Passaic, N.J. | 53,958 | 28,333 | 53 | | Philadelphia | 52,355 | 38,883 | 74 | | Pittsburgh | 49,067 | 37,500 | 76 | | Providence, R.I. | 48,549 | 42,137 | 87 | | Westchester, N.Y. | 53,801 | 59,754 | 111 | | Wilmington, Del. | 46,018 | 37,086 | 81 | | South Average | $41,250 | $31,842 | 77% | | Atlanta | 43,907 | 28,750 | 65 | | Birmingham, Ala. | 42,867 | 43,400 | 101 | | Columbia, S.C. | 35,822 | 27,127 | 76 | | Dallas-Ft. Worth | 42,176 | 29,648 | 70 | | Houston | 43,800 | 28,500 | 65 | | Jacksonville, Fla. | 40,720 | 27,280 | 67 | | Knoxville, Tenn. | 39,534 | 27,030 | 68 | | Louisville, Ky. | 44,358 | 36,266 | 82 | | Miami | 41,631 | 30,750 | 74 | | New Orleans | 40,787 | 32,617 | 80 | | Raleigh-Durham, N.C. | 36,643 | 23,096 | 63 | | Richmond, Va. | 39,242 | 21,770 | 55 | | Tampa, Fla. | 40,397 | 25,000 | 62 | | Tulsa, Okla. | 41,023 | 36,400 | 89 | | Washington, D.C. | 45,843 | 60,000 | 131 | | Midwest Average | $47,552 | $32,055 | 67% | | Chicago | 56,091 | 39,600 | 71 | | Cleveland | 52,472 | 25,250 | 48 | | Columbus, Ohio | 45,337 | 33,875 | 75 | | Des Moines, Iowa | 44,246 | 24,420 | 55 | | Detroit | 48,912 | 39,000 | 80 | | Fargo, N.D. | 40,625 | 28,175 | 69 | | Grand Rapids, Mich. | 44,393 | 30,400 | 68 | | Indianapolis | 45,788 | 25,750 | 56 | | Kansas City, Mo. | 47,535 | 31,250 | 66 | | Madison, Wis. | 49,339 | 29,600 | 60 | | Milwaukee | 53,349 | 42,000 | 79 | | Minneapolis | 55,463 | 37,325 | 67 | | St. Louis | 51,874 | 42,500 | 82 | | Sioux Falls, S.D. | 37,828 | 26,000 | 69 | | Wichita, Kan. | 40,026 | 25,686 | 64 | | West Average | $50,124 | $41,350 | 82% | | Albuquerque, N.M. | 42,653 | 28,225 | 66 | | Boise, Idaho | 43,672 | 33,071 | 76 | | Colorado Springs, Colo. | 44,215 | 18,840 | 43 | | Denver | 44,367 | 31,241 | 70 | | Honolulu | 61,762 | 58,333 | 94 | | Las Vegas | 48,780 | 35,250 | 72 | | Los Angeles | 57,259 | 48,750 | 85 | | Phoenix | 45,318 | 28,900 | 64 | | Portland, Ore. | 49,361 | 37,857 | 77 | | Sacramento, Calif. | 54,367 | 31,400 | 58 | | Salt Lake City | 43,259 | 27,763 | 64 | | San Diego | 54,000 | 73,800 | 137 | | San Francisco | 61,210 | 92,000 | 150 | | Seattle | 53,205 | 55,000 | 103 | | Spokane, Wash. | 48,431 | 19,821 | 41 | | National Average | $46,738 | $37,217 | 80% | The projects: Deck addition > | | |