The coveted Cost vs. Value issue of Remodeling magazine is out!
St. Louis is considered to be in the West North Central region along with Iowa, Kansas, Minnesota, Nebraska, North Dakota and South Dakota. Two figures are given for MO: St. Louis and Kansas City. The numbers below come from the St. Louis section.
Attic to Bedroom
Job Cost: $54,112
Value at Sale: $38,568
Cost Recouped: 71.3%
Midrange Kitchen Remodel
Job Cost: $22,128
Value at Sale: $16,463
Cost Recouped: 74.3%
Upscale Bathroom Remodel
Job Cost: $55,035
Value at Sale: $38,707
Cost Recouped: 70.3%
Where to get the most bang for the bucks?
Average return on a wood deck in our region: 76.1%
Average return on fiber cement siding: 79.9%
Cost vs Value- which one would you choose? And especially when your family is affected by your choice? Which is the most important for you- the money that you will pay or the comfort of your own family? The truth is that if you decide to make a remodel of your home, you will definitely need lots of money. You decide how much.
In the common case, you will have to make an estimation of the average projects cost. However, the main purpose of all companies is to earn money from you. Therefore, you should be very careful, because the companies which will actually help you are not so many.
If you want to get a real and practical estimation of your exact expenses and know exactly what to choose, you can use the free “Cost vs Value” online calculator at http://www.remodelormove.com. Your next step should be contacting a real estate agent and a contractor.
Great idea, but will this work over the long run?