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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®



FEATURE: 2005 COST vs. VALUE REPORT

Remodeling's Payoff


Midrange Bathroom Addition
Project Description: Add a full 6-by-8-foot bath located near bedrooms over a crawl space with poured concrete walls. Include cultured-marble vanity top with molded sink, standard chrome faucets, 30-by-60-inch fiberglass tub/shower with ceramic tile surround, single-lever temperature and pressure-balanced faucet, white low-profile toilet, general and spot lighting, mirrored medicine cabinet, linen storage closet or cabinet, vinyl wallpaper, and ceramic tile floor.

Midrange Bathroom addition
 

Job
Cost
Resale
Value
Cost
Recouped
National Average:
$22,977
$19,850
86.4%
East Average:
$24,010
$21,959
91.5%
Midwest Average:
$24,157
$17,998
74.5%
South Average:
$20,055
$17,648
88.0%
West Average:
$24,560
$22,481
91.5%


Upscale Bathroom Addition
Project Description: Add a 9-by-9-foot master bath to existing master bedroom over a crawl space. Include a 4-by-4-foot neo-angle shower with ceramic tile walls, recessed shower caddy, body spray fixtures, and frameless glass enclosure. Include a customized whirlpool tub, countertop with two integral sinks, two mirrored medicine cabinets with lighting, a compartmentalized commode area with one-piece toilet, and a humidistat-controlled exhaust fan. Use larger matching ceramic tiles on the floor, laid on the diagonal with ceramic tile base molding. Add general and spot lighting. Cabinetry includes a custom drawer base and wall cabinets. Extend HVAC system, and include electric in-floor heating and heated towel bars.

upscale Bathroom addition
 

Job
Cost
Resale
Value
Cost
Recouped
National Average:
$47,212
$40,488
85.8%
East Average:
$48,515
$42,322
87.2%
Midwest Average:
$48,999
$36,178
73.8%
South Average:
$43,028
$37,952
88.2%
West Average:
$49,580
$46,335
93.5%


Remodeling magazine, published by Hanley-Wood LLC, has been producing this report annually for 19 years. We’d like to thank the editors and designers of Remodeling, as well as the REALTORS® who contributed to bringing you this report.

Remodeling magazine’s “Cost vs. Value Report.” ©2005 by Hanley-Wood LLC. Republication of the report is expressly prohibited without written permission of Hanley-Wood LLC.

Order Reprints for Your Clients and Customers
Order reprints of the complete 2005 “Cost vs. Value Report”—all 18 projects—for just $6.50 each plus shipping and handling at www.realtorreprints.com. For information on bulk orders over 500, contact Kelly Dewan at kdewan@reprintbuyer.com or 717/399-1900, ext. 166.

Take the 2006 Survey
Participate in next year’s “Cost vs. Value” survey! Sign up here.

Thank you to those practitioners who took the 2005 survey
Those survey respondents who also provided their contact information are listed here . Your help on this project was invaluable.

* We received sufficient data for 58 out of 60 markets surveyed compared with only 53 last year. Because of insufficient data from Grand Rapids, Mich., and Providence, R.I., no resale value numbers for those markets are provided.