Our numbers are mixed. The bad news first: The average cost of a midrange bathroom remodel is higher here – $11,160 – than the national average of $10,088. The good news: The returns this remodel generates at resale are terrific – 126 percent of the original cost here, compared with 89 percent nationally. However, a high-end bathroom redo ($27,553 compared with $23,544 nationally) returns considerably less at resale than a more modest job: just 95 percent. But compared with the national average of 93 percent, local homeowners still can consider themselves blessed.
The Seattle Times 1/25/04
If you’re leaning toward staying and remodeling, know that both the type of project you undertake and the quality of the workmanship can have a big influence on whether you’ll recoup your investment at resale. In Seattle, for example, adding a sunroom will tipically only return 64 percent of its cost, while a bathroom addition is expected to recoup 132 percent. Those figures come from the Cost vs. Value 2002 Report available at Remodeling Online: www.remodeling.hw.net. Check it out for ore information about the costs and financial wisdom of various remodeling projects. It’s broken down by city.
The Seattle Times 1/12/03
You love your house, and with the cost of replacing it growing ever steeper, you don’t want to move. Still, your home could use some remodeling.
What’s that going to cost you – and what might it pay back if you sell?
Seattle-area homeowners may pay slightly more than the national average, but they’re sitting in the catbird seat when it comes to return on their money, according to Remodeling magazine’s annual Cost Vs. Value Report.
Indeed , of the top 12 most-popular projects nationally on Remodeling’s list-published survey, locally only four return less than they cost. They are a two-story add-on, a deck addition, vinyl or aluminum siding and window replacement. Still, all return more than the national average.
The remaining projects return from 105 percent to 142 percent of their cost if the home is sold within a year of the improvement. (See accompanying chart.)
Seattle does so well because of the strength of our real-estate market, posits Remodeling senior editor Bruce Snider, who compiled the numbers after talking with numerous local and national experts.