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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

Detroit, MI

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East North Central 2007
 National Averages

Job Cost
Resale Value
Cost Recouped
Project Midrange
Job Cost
Resale Value
Cost Recouped
$49,897 $34,204 68.5% Attic Bedroom Remodel
 $46,691 $35,771 76.6%
$14,270 $6,687 46.9% Back-Up Power Generator
 $13,357 $7,748 58%
$62,801 $38,398 61.1% Basement Remodel
 $59,435 $44,661 75.1%
$39,522 $22,774 57.6% Bathroom Addition
 $37,202 $24,553 66%
$16,631 $11,147 67% Bathroom Remodel
 $15,789 $12,366 78.3%
$10,516 $7,540 71.7% Deck Addition - Wood
 $10,347 $8,835 85.4%
$83,494 $51,630 61.8% Family Room Addition
 $78,989 $54,148 68.6%
$56,290 $33,080 58.8% Garage Addition
 $53,897 $37,461 69.5%
$28,305 $14,007 49.5% Home Office Remodel
 $27,193 $15,498 57%
$57,496 $40,704 70.8% Major Kitchen Remodel
 $55,503 $43,363 78.1%
$104,666 $64,001 61.1% Master Suite Addition
 $98,863 $68,172 69%
$21,863 $16,010 73.2% Minor Kitchen Remodel
 $21,185 $17,576 83%
$19,673 $11,208 57% Roofing Replacement
 $18,042 $12,166 67.4%
$10,083 $8,017 79.5% Siding Replacement
 $9,910 $8,245 83.2%
$72,276 $37,833 52.3% Sunroom Addition
 $69,817 $41,231 59.1%
$146,337 $95,364 65.2% Two-Story Addition
 $139,297 $103,010 73.9%
$11,011 $7,894 71.7% Window Replacement - Vinyl
 $10,448 $8,290 79.3%
$12,146 $8,758 72.1% Window Replacement - Wood
 $11,384 $9,241 81.2%
East North Central Project Upscale
 National Averages
Job Cost Resale Value Cost Recouped Project
Upscale
 Job Cost Resale Value Cost Recouped
$76,793 $48,864 63.6% Bathroom Addition
$73,145 $50,442 69%
$52,839 $32,458 61.4% Bathroom Remodel
$50,590 $34,588 68.4%
$15,357 $10,583 68.9% Deck Addition - Composite
 $15,039 $11,672 77.6%
$86,532 $47,696 55.1% Garage Addition
$82,108 $53,056 64.6%
$111,953 $74,497 66.5% Major Kitchen Remodel
$109,394 $81,096 74.1%
$228,564 $132,123 57.8% Master Suite Addition
$220,149 $141,120 64.1%
$36,449 $20,588 56.5% Roofing Replacement (steel)
$33,151 $21,769 65.7%
$13,404 $11,040 82.4% Siding Replacement (fiber-cement)
$13,212 $11,633 88.1%
$12,243 $9,381 76.6% Siding Replacement (foam-backed vinyl)
$12,132 $9,668 79.7%
$14,289 $10,212 71.5% Window Replacement - Vinyl
$13,479 $10,913 81%
$18,271 $12,922 70.7% Window Replacement - Wood
$17,383 $13,784 79.3%

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