Realtor.org reports on National averages for a midrange home in 2010-11 remodeling costs and their potential resale value:
National:
Basement 64,519 resale value $45,186 or 70%
Major Kitchen remodel $58,367 resale value $40,126 or 68.7%
Minor Kitchen remodel $ 21,695 or $15,790 for a 72.8% resale value
Mid-Atlantic costs for the same are as follows:
Basement $69,106 for the resale value of $40,215 and 58.2%
Major Kitchen $60,710 for the resale value of $38,214 or 62.9%
Minor Kitchen $22,325 for the resale value of $15,246, 68.3%
I find that many of my clients get even better deals locally. Let me know if you need some names of local capable and well priced contractors - recommended by my clients.
Also, for a copy of the full report send me an email and I will be glad to share it with you.
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