Tips for Buyers and Sellers

Remodeling That Pays

Upgrading your home is always appealing, but which enhancements really get you a good return for your money when it's time to sell? The 2003 Cost vs. Value Report by Remodeling magazine and REALTOR Magazine has the answer.

To see the complete article, visit http://www.realtor.org/rmomag.NSF/pages/costvaluedec03.

---------------------- -2003--2002--Variance
Bathroom Remodel
--Midrange -------------89.3% 87.5% 1.8%
--Upscale --------------92.6% 91.0% 1.6%
Bathroom Addition
--Midrange -------------95.0% 94.2% 0.08%
--Upscale --------------84.3% 81.4% 2.9%
Major Kitchen Remodel
--Midrange -------------74.9% 66.6% 8.3%
--Upscale --------------79.6% 79.8% -0.2%
Master Suite
--Midrange -------------76.4% 75.1% 1.3%
--Upscale --------------76.9% 76.8% 0.1%
Family Room
--Midrange -------------80.6% 79.5% 1.1%
Deck
--Midrange ------------104.2% .N/A* .N/A*
Basement Remodel
--Midrange -------------79.3% 78.7% 0.6%
Siding Replacement
--Midrange -------------98.1% 79.1% 19.0%
Window Replacement
--Midrange -------------84.8% 73.8% 11%
--Upscale --------------87.0% 77.0% 10%
Attic Bedroom
--Midrange -------------92.8% N/A* N/A*