 SPEND or INVEST?
Did you know?
Adding on to a house runs about
$150 – $200 per square foot.
Finishing a basement only costs
$40 – $75 per square foot.
Source: Home Improvement Research Institute
FEATURE: 2008 & 2009 COST vs. VALUE REPORT
The annual report compares construction costs with resale values in 58 markets. The “Cost vs. Value Report”, published each year in conjunction with Remodeling magazine, gives you a city-by-city guide on what various home projects will pay back at resale. This year’s report features data for five more markets than last year* and a new project—a mid-range home office remodel.
Remodeling’s Payoff
Middle Atlantic — Midrange 2008-09 National Averages Job Cost Resale Value Cost Recouped.
| Middle Atlantic — Midrange 2008-09 National Averages |
| 2008 |
2009 |
| Job Cost |
Resale Value |
Cost Recouped |
Project |
Job Cost |
Resale Value |
Cost Recouped |
| $65,978 |
$39,101 |
59.3% |
Basement Remodel |
$61,011 |
$44,467 |
72.9% |
|
|
|
