Feature: 2005 Cost vs. Value Report Bathroom Remodel

FEATURE :2005 COST vs. VALUE REPORT

Remodeling's Payoff

Midrange Bathroom Remodel
Project Description: Update an existing 5-by-7-foot bathroom that’s at least 25 years old. Replace all fixtures to include 30-by-60-inch porcelain-on-steel tub with 4-by-4 ceramic tile surround, new single-lever temperature and pressure-balanced shower control, standard white toilet, solid surface vanity counter with integral double sink, recessed medicine cabinet with light, ceramic tile floor, and vinyl wallpaper.

Midrange Bathroom remodel
	Job Cost	Resale Value	Cost Recouped
National Average:	$10,499	$10,727	102.2%
East Average:	$10,978	$11,466	104.4%
Midwest Average:	$11,047	$9,885	89.5%
South Average:	$9,293	$9,596	103.3%
West Average:	$11,025	$12,340	111.9%

Upscale Bathroom Remodel
Project Description: Expand an existing 5-by-7-foot bathroom to 9 by 9 feet within existing house footprint. Add another window, bringing total glazing area to 30 square feet. Relocate and replace tub with custom 4-by-6-foot dual shower with top-of-line fittings and full-body-wash shower wall, tile, glass block surround, and glass door. Relocate and replace toilet. Add bidet. Add medium-range stone tops in custom vanity cabinet with twin designer undermount sinks and polished nickel faucets. Add linen/towel storage closet. Include ceramic tile floor, papered walls, and hardwood trim. Add general and spot lighting and a humidistat-controlled exhaust fan.

upscale Bathroom remodel
	Job Cost	Resale Value	Cost Recouped
National Average:	$26,052	$24,286	93.2%
East Average:	$26,950	$26,211	97.3%
Midwest Average:	$27,423	$21,379	78.0%
South Average:	$23,428	$23,087	98.5%
West Average:	$27,172	$26,778	98.5%

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.