Reno Returns
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.
Home improvement cost estimates chart is courtesy of:
|
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% |
|
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 |
