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WHAT ABOUT REMODELING? You loved the house when you first bought it, but since then things have changed. The family has gone from two to six. Those lime green appliances in the kitchen are starting to strain your eyes. And youíve grown to hate the drab wood paneling in the family room. Obviously, itís time for a change; but, before you start knocking down walls or digging up the backyard, consider the return on your investment. The fact is, some home improvements will add to the value of your home, and others will detract from it. 

Take a look at the chart shown below before you decide on your next home improvement project.

Remodeling Job Average Job Costs Average Resale Value Cost Recouped
Minor Kitchen Remodel $8,047 $12,333 153%
Major Kitchen Remodel $22,030 $28,358 129%
Bath Addition $11,444 $12,000 105%
Bath Remodel $8,344 $8,500 102%
Family Room Addition $29,451 $28,333 96%
Master Bedroom Suite $34,949 $30,000 86%
Siding Replacement $4,618 $3,833 83%
Two Story Addition $53,676 $43,333 81%
Deck Addition $5,717 $4,333 76%
Attic Bedroom $22,854 $17,000 74%
Home Office $8,627 $4,000 46%

Source: The National Association of the Remodeling Industry

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