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Home Improvements: What Are They Worth? How much more will your new kitchen add to the market value of your home? Will you recover the cost of an extra bedroom and bath when you sell? How about new landscaping? In countless forms, you, our clients, have asked us essentially one question: “What is a home improvement worth?” The question is important, for while an improvement ma add to your comfort, it does not automatically add to there market value of your home in proportion to its cost. Here is a summary of relative improvement costs and their market value gathered from a number of sources. It can help you make those important decisions. IMPROVEMENT COST RECOVERY Kitchen Remodeling $ 5,000-30,000+ 80-100% Bathroom Addition $ 5,000-10,000 80-100% In home with 1-1/2 baths Less than 50% In home with 2 or more baths Lavatory $ 3,000-5,000 In home with 1 bath 90-100% Fireplace $ 5,000-7,000 80-100% Central Air Conditioning To existing system $ 4,000-6,000 70-100% New ducts needed $ 5,000-12,000 Same One-Car Garage Addition $ 7,000 50-100% Two-Car Garage Addition $ 10,000+ Same Extra bedroom (Small) $ 6,000-8,000 100% Space already exists $ 6,000-8,000 100% Build on new room $ 10,000 100% If addition is third bedroom in house 100% If addition is forth bedroom in house 75% Paneled Family Room $ 18,000-25,000+ 80-100% Finished Basement, Rec. Room $ 11,000-15,000 Room-Recovery poor if below ground 30%
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