Remodeling Costs Verses Value Report 2015

Chicago Area Remodeling Cost verses Value Report

Midrange
2015 National Averages
East North Central
Project
Job
Cost
Resale Value
Cost Recouped
Job
Cost
Resale Value
Cost Recouped

Change vs 2014

Attic Bedroom $51,696 $39,908 77.2% $52,433 $37,226 71.0%
Backup Power Generator $12,135 $7,263 59.9% $12,240 $6,215 50.8%
Basement Remodel $65,442 $47,637 72.8% $66,425 $39,601 59.6%
Bathroom Addition $39,578 $22,875 57.8% $40,392 $20,392 50.5%
Bathroom Remodel $16,724 $11,707 70.0% $17,120 $10,337 60.4%
Deck Addition (composite) $15,912 $10,816 68.0% $16,086 $9,646 60.0%
Deck Addition (wood) $10,048 $8,085 80.5% $10,275 $7,217 70.2%
Entry Door Replacement (fiberglass) $2,926 $2,107 72.0% $2,946 $2,044 69.4%
Entry Door Replacement (steel) $1,230 $1,252 101.8% $1,244 $1,073 86.3%
Family Room Addition $84,201 $53,955 64.1% $85,380 $50,207 58.8%
Garage Addition $52,382 $33,938 64.8% $52,758 $29,531 56.0%
Garage Door Replacement $1,595 $1,410 88.4% $1,610 $1,341 83.3%
Home Office Remodel $29,066 $14,155 48.7% $29,468 $11,792 40.0%
Major Kitchen Remodel $56,768 $38,485 67.8% $57,407 $35,127 61.2%
Manufactured Stone Veneer $7,150 $6,594 92.2% $7,189 $5,822 81.0%
Master Suite Addition $111,245 $68,596 61.7% $112,684 $60,291 53.5%
Minor Kitchen Remodel $19,226 $15,255 79.3% $19,503 $13,522 69.3%
Roofing Replacement $19,528 $13,975 71.6% $19,503 $12,507 64.1%
Siding Replacement (vinyl) $12,013 $9,694 80.7% $12,236 $8,944 73.1%
Sunroom Addition $75,726 $36,704 48.5% $76,677 $34,175 44.6%
Two-Story Addition $161,925 $103,848 64.1% $163,914 $95,741 58.4%
Window Replacement (vinyl) $11,198 $8,163 72.9% $10,448 $7,762 74.3%
Window Replacement (wood) $11,341 $8,937 78.8% $11,472 $8,196 71.4%
Upscale
2015 National Averages
East North Central
Project
Job
Cost
Resale Value
Cost Recouped
Job
Cost
Resale Value
Cost Recouped
Change vs 2014
Bathroom Addition $76,429 $44,750 58.6% $77,538 $39,733 51.2%
Bathroom Remodel $54,115 $32,385 59.8% $54,622 $29,103 53.3%
Deck Addition (composite) $36,385 $21,437 58.9% $36,828 $19,729 53.6%
Garage Addition $85,592 $46,791 54.7% $86,319 $41,915 48.6%
Garage Door Replacement $2,944 $2,429 82.5% $2,966 $2,282 77.0%
Grand Entrance (fiberglass) $7,548 $5,099 67.6% $7,603 $4,575 60.2%
Major Kitchen Remodel $113,097 $66,747 59.0% $114,020 $60,906 53.4%
Master Suite Addition $236,363 $126,860 53.7% $239,034 $115,520 48.3%
Roofing Replacement $36,329 $22,840 62.9% $37,201 $20,363 54.7%
Siding Replacement (fiber-cement) $14,014 $11,816 84.3% $14,314 $11,358 79.4%
Siding Replacement (foam-backed vinyl) $15,184 $11,790 77.6% $15,449 $10,733 69.5%
Window Replacement (vinyl) $13,837 $10,365 74.9% $13,970 $9,969 71.4%
Window Replacement (wood) $17,422 $12,533 71.9% $17,576 $11,688 66.5%