Remodeling Magazine 2014 Cost Vs. Value Report
Monday, February 17, 2014
Recently Remodeling Magazine released its 2014 Cost vs. Value Report. The report compares the average cost for 35 mid-range and upscale remodeling projects including additions, remodels and replacements with the value these projects retain at resale in 101 US cities including Philadelphia.
According to the report, home owners are investing in their homes once again and will see higher gains from some of these remodeling projects at resale. So, which remodeling projects offer the potential for some of the biggest paybacks at resale? The following mid-range remodeling projects offer the highest return in the Philadelphia area:
- Attic Bedroom - 72.4% ROI on resale
- Deck Addition (Wood) - 68.7% ROI on resale
- Deck Addition (Composite) - 62.8% ROI on resale
- Bathroom Remodel - 64.1% ROI on resale