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Remodeling Cost vs Value Report 2007

Demographics
Population Population
Households Households
Housing Housing
Income Income
Ethnicity Ethnicity
Education Education
Source:
U.S. 2000 Census

Philadelphia, PA

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Middle Atlantic 2007
 National Averages

Job Cost
Resale Value
Cost Recouped
Project Midrange
Job Cost
Resale Value
Cost Recouped
$50,845 $33,227 65.3% Attic Bedroom Remodel
 $46,691 $35,771 76.6%
$14,043 $7,602 54.1% Back-Up Power Generator
 $13,357 $7,748 58%
$64,408 $39,140 60.8% Basement Remodel
 $59,435 $44,661 75.1%
$40,290 $22,313 55.4% Bathroom Addition
 $37,202 $24,553 66%
$16,983 $12,025 70.8% Bathroom Remodel
 $15,789 $12,366 78.3%
$10,676 $8,861 83% Deck Addition - Wood
 $10,347 $8,835 85.4%
$84,340 $52,154 61.8% Family Room Addition
 $78,989 $54,148 68.6%
$56,653 $34,958 61.7% Garage Addition
 $53,897 $37,461 69.5%
$28,176 $14,866 52.8% Home Office Remodel
 $27,193 $15,498 57%
$57,750 $41,427 71.7% Major Kitchen Remodel
 $55,503 $43,363 78.1%
$105,978 $64,675 61% Master Suite Addition
 $98,863 $68,172 69%
$21,908 $16,859 77% Minor Kitchen Remodel
 $21,185 $17,576 83%
$20,200 $12,498 61.9% Roofing Replacement
 $18,042 $12,166 67.4%
$10,204 $8,729 85.5% Siding Replacement
 $9,910 $8,245 83.2%
$72,728 $41,290 56.8% Sunroom Addition
 $69,817 $41,231 59.1%
$148,578 $98,882 66.6% Two-Story Addition
 $139,297 $103,010 73.9%
$11,083 $8,627 77.8% Window Replacement - Vinyl
 $10,448 $8,290 79.3%
$12,026 $9,793 81.4% Window Replacement - Wood
 $11,384 $9,241 81.2%
Middle Atlantic Project Upscale
 National Averages
Job Cost Resale Value Cost Recouped Project
Upscale
 Job Cost Resale Value Cost Recouped
$77,753 $47,204 60.7% Bathroom Addition
$73,145 $50,442 69%
$53,598 $32,304 60.3% Bathroom Remodel
$50,590 $34,588 68.4%
$15,433 $11,601 75.2% Deck Addition - Composite
 $15,039 $11,672 77.6%
$86,245 $48,960 56.8% Garage Addition
$82,108 $53,056 64.6%
$112,721 $76,672 68% Major Kitchen Remodel
$109,394 $81,096 74.1%
$230,687 $132,256 57.3% Master Suite Addition
$220,149 $141,120 64.1%
$37,613 $21,838 58.1% Roofing Replacement (steel)
$33,151 $21,769 65.7%
$13,359 $11,495 86% Siding Replacement (fiber-cement)
$13,212 $11,633 88.1%
$12,375 $9,971 80.6% Siding Replacement (foam-backed vinyl)
$12,132 $9,668 79.7%
$14,394 $11,152 77.5% Window Replacement - Vinyl
$13,479 $10,913 81%
$18,180 $13,958 76.8% Window Replacement - Wood
$17,383 $13,784 79.3%

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