Professional Remodelers
7176 Boneta Road
Wadsworth, OH 44281
Phone: 330.336.2770
info@remodelmyhome.com
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Why Remodel
Tim Englert Construction
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Informed Consumers Know the Added Value of Remodeling & Weigh Cost versus Investment

More people are remodeling their homes today than any other time in history. As housing stock ages in the U.S., this trend is expected to continue and increase.

If you live in a house that you generally love, you plan to stay there for at least five more years, and itís located in a desirable neighborhood - remodeling makes perfect financial sense.

Remodeling can give your kitchen a fresh, updated look. It can give your family the space it needs, or it can make an ordinary bath luxurious. Well-planned and utilized square-footage, efficient and up-to-date kitchens, and design-smart bathrooms generally increase the value of your home.

Some home improvements, such as the installation of well-made replacement windows, can both boost the value of your home and help you control ever-increasing heating and cooling costs.

Before making a final decision about remodeling, you need to know the value-added benefit of your proposed project and how home improvements affect property values in your geographic region.

While we live in a global economy, property values remain closely tied to local trends and conditions. The information provided in the table below gives you some useful trend information regarding home improvement returns on investments. These average percentages come from a national study conducted by Home-Tech Information Systems, a remodeling estimating software company in Bethesda, Maryland. The percentages were reported in 2005 Remodeling Magazine.

Project
Job Cost
Resale Value
Cost Recouped
Siding Replacement, Upscale
$10,393
$10,771
103.6%
Bathroom Remodel, Mid-Range
$10,499
$10,727
102.2%
Minor Kitchen Remodel, Mid-Range
$14,913
$14,691
98.5%
Siding Replacement, Mid-Range
$7,239
$6,914
95.5%
Two-Story Addition, Mid-Range
$80,133
$75,831
94.6%
Attic Bedroom, Mid-Range
$39,188
$36,649
93.5%
Bathroom Remodel, Upscale
$26,052
$24,286
93.2%
Major Kitchen Remodel, Mid-Range
$43,862
$39,920
91.0%
Deck Addition, Mid-Range
$11,294
$10,196
90.3%
Basement Remodel, Mid-Range
$51,051
$46,010
90.1%
Window Replacement, Mid-Range
$9,684
$8,681
89.6%
Window Replacement, Upscale
$16,096
$14,259
88.6%
Bathroom Addition, Mid-Range
$22,977
$19,850
86.4%
Roofing Replacement, Upscale
$16,453
$14,141
85.9%
Bathroom Addition, Upscale
$47,212
$40,488
85.8%
Major Kitchen Remodel, Upscale
$81,552
$69,194
84.8%
Roofing Replacement, Mid-Range
$11,164
$9,456
84.7%
Family Room Addition, Mid-Range
$54,773
$45,458
83.0%
Master Suite Addition, Mid-Range
$73,370
$60,460
82.4%
Master Suite Addition, Upscale
$137,891
$110,512
80.1%
Sunroom Addition, Mid-Range
$31,736
$23,643
74.5%
Home Office Remodel, Mid-Range
$13,143
$9,569
72.8%

Please use this information as a general starting point when considering your proposed remodeling project and potential increases in your property value. The Tim Englert Construction team will also be available to discuss your projected costs and potential returns on your remodeling investment.

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