The New Cost vs. Value Report for the Bay Area

You just know that an updated bathroom would help your house sell, but you wonder if you will be able to recoup the costs of the renovation. I hear this question, and others like it, all the time from sellers. That is why the annual "Cost vs. Value" report is so helpful. It provides a snapshot of how much a renovation project might cost, and how much you might be able to recoup.

The annual report for the Bay Area was just released, and I wanted to share it with you. With this chart, you can look at an evaluation for about twenty common renovations, and about a dozen bigger projects. The charts give you a run down on the average cost of the project in the Bay Area, along with the projected amount of added value. You can then compare it to the national numbers.

For instance, the addition of a wood deck or a minor kitchen remodel should recoup your money and more. And, a home office remodel might not add that much value to the home.

Now keep in mind that these are just averages for the whole Bay Area region, and the values can be different for your city or even your neighborhood. If you would like more information on planning a remodeling project to get your home ready to sell, just let me know. I'm always happy to help. I can be reached at 510-547-5970 x57 or MSmartt@jps.net.