Heiman Development Corporation, Inc.

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Remodeling Pays You Back

Cost vs. value. it's always on the minds of our customers regarless of the home improvement project. And while there are no guarantees, remodeling projects nearly always pay you back at resale time.

According to Remodeling magazine, cost recovery for home improvement projects remains high. (You get some of your money back when you sell!) Listed below are the results of the magazine's 2007 survey of 60 cities. Please keep in mind that these are just averages, and it is not possible to strictly compare apples to apples on any particular kitchen, deck, bathroom or home addition... Your mileage may vary!

Listed below are the 2007 cost vs. value figures for the nation followed by the numbers for Kansas City.

Top Five Home Improvement Projects
Major Kitchen Remodel (mid-range)

National Average
Job Cost = $55,503; Resale Value = $43,363; Cost Recouped = 78.1%
Kansas City Area
Job Cost = $57,156; Resale Value = $39,701; Cost Recouped = 69.5%

Deck Addition
National Average
Job Cost = $10,347;
Resale Value = $8,835;Cost recouped = 85.4%
Kansas City Area
Job Cost = $10,546; Resale Value = $7,928; Cost Recouped = 75.2%

Attic Bedroom
National Average
Job Cost = $46,691; Resale Value = $35,771; Cost Recouped = 76.6%
Kansas City Area
Job Cost = $49,692; Resale Value = $32,698; Cost Recouped = 65.8%

Basement Remodel
National Average
Job Cost = $59,435; Resale Value = $44,661; Cost Recouped = 75.1%
Kansas City Area
Job Cost = $62,563; Resale Value = $40,758; Cost Recouped = 65.1%

Siding Replacement
National Average
Job Cost = $9,910; Resale Value = $8,245; Cost Recouped = 83.2%
Kansas City Area
Job Cost = $10,353; Resale Value = $7,977; Cost Recouped = 77.1%

Additional Home Improvement Projects
Minor kitchen Remodel

National Average
J
ob cost = $21.185; Resale Value = $17,576; Cost Recouped = 83.0%
Kansas City Area
Job cost = $21,672; Resale Value = $16,089; Cost Recouped = 74.2%

Window Replacement (mid-range)
National Average
Job Cost = $10,448; Resale Value = $8,290; Cost Recouped = 79.3%
Kansas City Area
Job Cost = $11,085; Resale Value = $8,124; Cost Recouped = 73.3%

Bathroom Addition (mid-range)
National Average
Job Cost = $37,202; Resale Value = $24,553; Cost Recouped = 66.0%
Kansas City Area
Job Cost = $38,995; Resale Value = $21,980; Cost Recouped = 56.4%

Bathroom Remodel (mid-range)
National Average
Job Cost = $15,789; Resale Value = $12,366; Cost Recouped = 78.3%
Kansas City Area
Job Cost = $16,424; Resale Value = $11,275; Cost Recouped = 68.6%

Master Suite Addition (mid-range)
National Average
Job Cost = $98,863; Resale Value = $68,172; Cost Recouped = 69.0%
Kansas City Area
Job Cost = $103,731; Resale Value = $60,062; Cost Recouped = 57.9%

Family Room Addition
National Average
Job Cost = $78,989; Resale Value = $54,148; Cost Recouped = 68.6%
Kansas City Area
Job Cost = $83,099; Resale Value = $47,654; Cost Recouped = 57.3%

Sunroom Addition
National Average
Job Cost = $69,817; Resale Value = $41,231; Cost Recouped = 59.1%
Kansas City Area
Job Cost = $72,103; Resale Value = $39,165; Cost Recouped = 54.3%

If we can help you with your home improvement project... Give us a call at: 816.942.0000 or e-mail us at: HDCsales@aol.com


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