Reno Returns

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 2007 Home Improvement Cost Estimates by Carson Dunlop & Associates.

The following costs are intended as ballpark estimates for repairs and/or improvements to a typical three bedroom home. Our experience has shown that actual contractor quotations can vary by as much as 300%. Naturally, the quality of workmanship and materials will influence costs. The complexity of the job, accessibility and even economic conditions can also alter actual costs.

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Home improvement cost estimates chart is courtesy of:     

dunlop_carlson

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Best Returns

(% of cost returned at resale)

Bathroom renovation 75% to 100%
Kitchen renovation 75% to 100%
Interior painting 50% to 100%

Average Returns

(% of cost returned at resale)

Re-shingle roof 50% to 80%
Replace furnace 50% to 80%
Renovate basement 50% to 75%
Family room addition 50% to 75%
New fireplace 50% to 75%
New flooring 50% to 75%
Build a garage 50% to 75%
New windows/doors 50% to 75%
New deck 50% to 75%
Central Air 25% to 75%

Worst Returns

(% of cost returned at resale)

Landscaping 25% to 50%
Interlocking paving 25% to 50%
New fence 25% to 50%
Asphalt paving 20% to 50%
Swimming pool 10% to 40%
New skylight 0% to 25%

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Roofing / Flashings / Chimneys

Install conventional asphalt shingles over existing shingles $1.50 – $2.50 per sq.ft.
Strip and reshingle on medium sloped roof $2.50- $3.50 per sq.ft.
Strip and reshingle on steep, high or complex roof $4.00 – $7.00 per sq.ft.
Strip and re-roof with cedar shingles $7.00 – $10.00 per sq.ft.
Strip and replace built-up tar and gravel roof $8.00 – $12.00 per sq.ft. (min. $1000)
Strip and replace single-ply membrane $6.00 – $10.00 per sq.ft. (min. $750)
Reflash typical skylight or chimney $300.00 – $500.00
Rebuild typical chimney above roof line $150.00 – $300.00 per lin.ft. (min. $300)
Repoint typical chimney above roof line $6.00 – $8.00 per sq.ft. (min. $250)

Exterior

Install galvanized or aluminum gutters and downspouts $4.00 – $5.00 per lin.ft. (min. $500)
Install aluminum soffits and fascia $8.00 – $12.00 per lin.ft.
Install aluminum or vinyl siding $3.50 – $5.00 per sq.ft.
Repoint exterior wall (soft mortar) $3.00 – 4.50 per sq.ft. (min. $200)
Repoint exterior wall (hard mortar) $6.00 – $8.00 per sq.ft. (min. $200)
Parge foundation walls $3.00 – $4.00 per sq.ft.
Dampproof foundation walls and install weeping tile $150.00 – $200.00 per lin.ft. (min. $1000)
Install a deck $25.00 – $40.00 per sq.ft. (min. $1000)
Resurface existing asphalt driveway $2.50 – $4.00 per sq.ft.
Install interlocking brick driveway $6.00 – $8.00 per sq.ft.
Rebuild exterior basement stairwell $3500.00 – $5000.00
Build detached garage (single) $8000.00 and up
Build detached garage (double) $12000.00 and up
Build retaining wall (wood) $20.00 – $25.00 per sq.ft. (min. $500)
Build retaining wall (concrete) $30.00 – $40.00 per sq.ft. (min $500)
Painting (trim only) $1500.00 – $2500.00
Painting (trim and wall surfaces) $3000.00 and up

Structure

Underpin one corner of house $3500.00 and up
Underpin or add foundations $300.00 and up per lin.ft. (min. $3000)
Lower basement floor by underpinning and/or bench footings $150.00 – $300.00 per lin.ft. (min. $5000)
Replace deteriorating sill beam with concrete $60.00 and up per lin.ft. (min. $500)
Install basement support post with proper foundation $300.00 – $500.00
Perform chemical treatment for termites $2000.00 and up
Repair minor crack in poured concrete foundation $400.00 – $800.00

Electrical

Upgrade electrical service to 100 amps (including new panel) $1200.00 – $2000.00
Upgrade electrical service to 100 amps (if suitably sized panel already exists) $1200.00 – $2000.00
Upgrade electrical service to 200 amps $1800.00 – $2200.00
Install new circuit breaker panel $500.00 – $800.00
Replace circuit breaker (20 amp or less) $50.00 – $100.00
Add 120 volt circuit $150.00 – $300.00
Add 240 volt circuit $250.00 -$400.00
Add conventional receptacle $150.00 and up
Replace conventional receptacle with ground fault circuit receptacle $60.00 -$90.00

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printable

Improvement Costs 2007

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