Thinking of adding on to your abode? In this week’s cost vs. value segment we'll be looking at three popular additions that can make your home much more enjoyable! Here are the latest numbers for the Seattle area.
Family Room Addition Project Description: In a style appropriate to the existing house, add a 16-by-25-foot room on a crawl space foundation with vinyl siding and fiberglass shingle roof. Include drywall interior with fiberglass insulation, pre-finished hardwood floor, and 180 square feet of glazing including windows, atrium-style exterior doors, and two operable skylights. Tie into existing HVAC. Add electrical system to code, including 12 recessed ceiling lights.
Project cost: $91,065
Resale value: $70,426
Cost recouped: 77.3%
Deck Addition Project Description: Add a 16-by-20-foot deck using pressure-treated joists supported by 4x4 posts anchored to concrete piers. Install composite deck material in a simple linear pattern. Include a built-in bench and planter of the same decking material. Include stairs, assuming three steps to grade. Provide a complete railing using a matching system made of the same composite as the decking material.
Project cost: $16,252
Resale Value: $14,673
Cost recouped: 90.3%
Master Suite Addition Project Description: Add a 24-by-16-foot master bedroom suite over a crawl space. Include walk-in closet/dressing area, whirlpool tub in ceramic tile platform, separate 3-by-4-foot ceramic tile shower, and double-bowl vanity with solid surface countertop. Bedroom floor is carpet; bath floor is ceramic tile. Painted walls, ceiling, and trim. General and spot lighting, exhaust fan; electrical wiring to code.
Project cost: $114,787
Resale Value: $90,399
Cost recouped: 78.8%
All of the statistical information was provided by
c 2008 Hanley Wood, LLC. Reproduced by permission. Complete city data from the Remodeling 2008 Cost vs. Value Report can be downloaded for free at www.costvsvalue.com
If you have any questions on this information, I welcome you to email me at tony@staging.eastsidehomes.com
Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle's Eastside Real Estate Resource
tony@staging.eastsidehomes.com
