2015 Cost Versus Value Report

Below are the numbers for selected projects in the East North Central Region (IN, IL, MI, OH, WI). This report compared job cost to resale value and calculates the cost recouped percentage. The actual costs would most likely be higher for the Chicago market, but it is assumed the recouped percentage would remain the same.

Cost Value Percentage
Kitchen Remodel – Minor, M $19,503 $13,522 69.3%
Kitchen Remodel – Major, M $57,407 $35,127 61.2%
Kitchen Remodel – Major, U $114,020 $60,906 53.4%
Bathroom Remodel, M $17,120 $10,337 60.4%
Bathroom Remodel, U $54,622 $29,103 53.3%
Basement Remodel, M $56,425 $39,601 59.6%
Attic Bedroom, M $52,433 $37,226 71.0%
Family Room Addition, M $85,380 $50,209 58.8%
Bathroom Addition, M $40,392 $20,392 50.5%
Bathroom Addition, U $77,538 $39,733 51.2%
2 Story Addition, M $163,914 $95,741 58.4%
Master Suite Addition, M $163,914 $95,741 58.4%
Master Suite Addition, U $239,034 $115,520 48.3%