Remodeling 2016 Cost vs. Value Report

Remodeling Magazine provides regional costs for several typical remodeling projects. This report provides cost estimates, expected resale value and percentage of value to cost. The list provided below provides numbers for the Chicago area. Actual costs may vary, but I would expect the recovery percentage to remain consistent.

Job Cost Value Percentage
Basement Remodel, Midrange $ 84,241 $ 47,359 56.2%
Bathroom Remodel, Midrange $ 22,213 $ 13,126 59.1%
Bathroom Remodel, Upscale $ 64,584 $ 37,553 58.1%
Bathroom Addition, Midrange $ 52,311 $ 25,079 47.9%
Bathroom Addition, Upscale $ 91,389 $ 46,326 50.7%
Family Room Addition, Midrange $105,741 $ 67,739 64.1%
Major Kitchen Remodel, Midrange $ 68,874 $ 39,682 57.6%
Major Kitchen Remodel, Upscale $133,025 $ 75,965 57.1%
Master Suite Addition, Midrange $137,229 $ 81,262 59.2%
Master Suite Addition, Upscale $274,336 $144,644 52.7%
Two-Story Addition, Midrange $198,925 $136,294 68.5%