The Professional Choice

A companion overview to the popular "Ask Mr. Handyman" radio program airing on Christian Talk Radio, KCRO 660AM Saturdays @ 9:30AM.

Saturday, August 22, 2009

Remodeling Cost vs Return

If a homeowner was to remodel a kitchen, how much of that project cost would be returned should he have to sell immediately? Remodeling Magazine has an online interface that displays the research on projects such as this. The Omaha area is specifically listed as one of the research areas and the data is current for this year/economy. Even though the return on investment has decreased some over the past few years (nationally) remodeling today is a good value.

If you have ever wanted to update a bathroom or kitchen this data shows that you will recoup most of your hard-earned cash to proceed with the project. If you plan to remain in your home for 3 years or longer chances are that you will recoup ALL of your investment for MOST upgrades/additions. So enjoy your home more, fix it up they way you've always dreamed. If the workmanship is of a professional quality with quality products you almost cannot go wrong!

The link directly to the Omaha data is:

I thought the data was a bit hard to decipher so here is my take. The first chart (Midrange), first item (Attic bedroom) shows if you spent $48K on the addition of the attic bedroom it would return $31K when you sold your home. The second chart (scroll down) is for higher quality additions and remodels.