What Effect Does Remodeling Have on Home Value in Rochester?

Cold winter months are perfect for home remodeling.  If your bathroom is due for a makeover, it might be time to give us a call!  A newly remodeled bathroom or kitchen can help improve the comfort of your space and in many cases, also improve the resale value of your home.  

Cost vs. Value of Mid-Range remodeling projects, according to the Remodeling 2014 Cost vs. Value Report:

• Bathroom Remodel - Bathroom remodeling is a popular way to add comfort and value to your home.  According to the Cost vs. Value report, homeowners who updated a 5-by-7 foot bathroom with new fixtures recouped 52.5% of their value.  This covers the entire value of your bath and improves the overall value of your home.
• Basement Remodel - Basement remodeling can be a big investment.  For a mid-range project, the cost vs. value report estimated that a basement remodel would cost $61,723.  While many projects improve the value of the home overall, the same value doesn't apply to all Rochester homes.  In Rochester, homeowners tend to recoup just 46.2% of the value (compared to 77.6% nationally).  While this still covers most of the value of the project, it doesn't necessarily mean improving your overall home value.
• Minor Kitchen Remodel - A minor kitchen remodel is a project that involves replacing cabinet fronts, doors and drawers, updating hardware, replacing the wall oven and cooktop, replacing laminate countertops, installing a mid-priced sink and faucet, repainting trim, adding wall coverings, and replacing flooring.  In Rochester, this project would add a lot of value to your home.  According to the cost vs. value report, this homeowner recouped 56.5% of their value.
• Major Kitchen Remodel - A major kitchen remodeling project includes all of the updates involved in the minor remodel, as well as a standard double-tub stainless-steel sink,a ventilation system, built-in microwave, dishwasher, garbage disposal, and custom lighting.  In Rochester, homeowners recouped 58.4% of the remodeling cost!

Our remodeling experts can help you weigh the best options for your home and help you determine if the cost is worth the resale value.  Visit our website to learn more about our remodeling services and call 585-216-3058 to schedule an appointment for a consultation.

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© 2014 Hanley Wood, LLC. Complete data from the Remodeling 2014 Cost. vs. Value Report can be downloaded free at www.costvsvalue.com.