Tuesday, February 12, 2013

The Top 10 Remodeling Projects with the Highest Cost Recouped in Kansas City

If you’ve got a fixer-upper or just want to make some improvements on your home, there are some areas that you should focus on first.  Always take into consideration which remodeling projects will get you the highest rate of return.  The higher the cost recouped, the better your remodeling investment was!

So which remodeling projects tend to have the highest cost recouped here in Kansas City?  We took at look at the Remodeling 2013 Cost vs. Value Report which gave us an in-depth look at what homeowners from KC should focus on when it comes to remodeling. 

The top 10 remodeling projects with the highest cost recouped in Kansas City are:


1.  Entry Door Replacement (steel):  This remodeling project includes removing existing 3-0/6-8 entry door and jambs and replacing them with a new 2-gauge steel unit, including clear dual-pane half glass panel, jambs, and aluminum threshold with composite stop.  It also includes replacing the existing locket with a new bored-lock.
  • Cost: $1,201
  • Resale value: $913
  • Cost recouped: 76.0%
2.  Deck Addition (wood)Adding a deck to a home includes adding a 16-by-20 foot deck using pressure-treated joists supported by 4x4 posts anchored to concrete piers.  This remodeling project includes installation of pressure-treated deck boards in a linear pattern, built-in benches and planters, stairs (3), and a complete railing system to include wood posts, railings and balusters. 
  • Cost: $10,152
  • Resale value: $7,231
  • Cost recouped: 71.2%
3.  Deck Addition (Composite): Add a 16-by-20-foot deck using pressure-treated joists supported by 4x4 posts anchored to concrete piers. Install composite deck material in a simple linear pattern. Include a built-in bench and planter of the same decking material. Include stairs, assuming three steps to grade. Provide a complete railing using a matching system made of the same composite as the decking material. 
  • Cost: $16,026
  • Resale value: $11,356
  • Cost recouped: 70.9%
4.  Garage Door Replacement:  A garage door replacement includes removing and disposing the existing 16x17 foot garage door and tracks.  Then, install a new 4-section garage door on a heavy-duty galvanized steel track (but reuse the existing motorized opener).  The new door is usually high tensile strength steel and foam insulated to minimum R-12 with thermal seals between pinch-resistant panels.  Windows in top panel are ½ inch insulated glass.  Hardware includes galvanized steel hinges and ball-bearing urethane rollers.  
  • Cost: $1,551
  • Resale value: $1,048
  • Cost recouped: 67.6%
5.   Entry Door Replacement (fiberglass): For this project, remove existing 3-0/6-8 entry door and jambs and replace with new fiberglass unit with simulated wood grain, stained same color both sides; dual-pane, decorative halfglass panel with zinc caming; PVC-wrapped exterior trim in color to match existing trim; 2.5-inch interior colonial or ranch casings in hardwood stained to match door. Replace existing lockset with mortise lock with lever handle and integrated deadbolt in oil-rubbed bronze or satin-nickel finish.
  • Cost: $2,834
  • Resale value: $1,853
  • Cost recouped: 65.4%
6.  Window Replacement (vinyl): In this project, replace 10 existing 3x5 foot double-hung windows with insulated vinyl replacement windows. 
  • Cost: $10,299
  • Resale value: $6,718
  • Cost recouped: 65.2%
7.  Window Replacement (wood): Replace 10 existing 3x5 foot double-hung windows with insulated vinyl replacement windows. 
  • Cost: $11,193
  • Resale value: $7,225
  • Cost recouped: 64.6%
8.  Minor Kitchen Remodel: A minor kitchen remodel includes a 200-square-foot kitchen with 30 linear feet of cabinetry and countertops.  Replace front of cabinet boxes with new raised-panel wood doors and drawers, including new hardware.  Replace wall oven and cooktop with new energy-efficient models.  Replace laminate countertops and install mid-priced sink and faucet.  Repaint all trim, add wall covering and remove and replace resilient flooring. 
  • Cost: $19,539
  • Resale value: $12,474
  • Cost recouped: 63.8%
9.  Siding Replacement (vinyl):  This project includes replacing 1,250 square feet of existing siding with new vinyl siding.  Include all 4/4 and 5/4 trim using either fiber-cement boards or cellular PVC.
  • Cost: $12,142
  • Resale value: $7,378
  • Cost recouped: 60.8% 
10.   Attic Bedroom Remodel:  This project includes converting unfinished attic space into a 15-by-15 foot bedroom and a 5-by-7-foot bathroom with shower. It includes a 15-foot shed dormer, four new windows, and closet space under the eaves. Insulate and finish ceiling and walls along with carpeting the floor.  Extend existing HVAC to new space; provide electrical wiring and lighting to code, retain existing stairs, and add a rail and baluster around stairwell.
  • Cost: $51,932
  • Resale value: $31,314
  • Cost recouped: 60.3%