Successful remodelers use the Cost vs Value Report to educate consumers about the cost of home improvement projects.
The report is produced by industry leader Hanley Wood and published in the Remodeling Magazine publication. The report includes the average cost of the most frequent home improvement and remodeling projects by region and major city. The report includes mid range project costs and upscale budgets. Each category includes a basic scope of work description and budget. In our sales coaching program we teach remodelers and home improvement contractors how to use this feature to hone in on the homeowners budget. Used effectively this helps contractors avoid wasting valuable time with homeowners who do not have the budget for the project they are talking about. The report is an excellent third party source that will help you differentiate your company and stand out with the homeowner. Click on the link below and go to the report map, locate your region and review the project scopes and costs for the city near you.
Here is a page from the New England Region on Mid-Range remodeling projects.
Click on the description and see the scope of work for that project type.
| New England — Midrange 2011-2012 |
|
| Job Cost | Resale Value | Cost Recouped | Project | Job Cost | Resale Value | Cost Recouped | Change vs. 2010-11 |
|---|---|---|---|---|---|---|---|
| $52,654 | $37,190 | 70.6% | Attic Bedroom | $50,148 | $36,346 | 72.5% |  |
| $15,009 | $6,361 | 42.4% | Backup Power Generator | $14,760 | $7,009 | 47.5% |  |
| $66,675 | $37,680 | 56.5% | Basement Remodel | $63,378 | $42,338 | 66.8% | |
| $41,753 | $19,920 | 47.7% | Bathroom Addition | $40,096 | $20,455 | 51.0% | |
| $17,460 | $10,329 | 59.2% | Bathroom Remodel | $16,552 | $10,293 | 62.2% | |
| $15,729 | $9,856 | 62.7% | Deck Addition (composite) | $15,579 | $9,780 | 62.8% | |
| $10,460 | $7,644 | 73.1% | Deck Addition (wood) | $10,350 | $7,259 | 70.1% | |
| $3,620 | $1,996 | 55.1% | Entry Door Replacement (fiberglass) | $3,536 | $1,990 | 56.3% | |
| $1,281 | $943 | 73.6% | Entry Door Replacement (steel) | $1,238 | $903 | 73.0% | |
| $85,767 | $47,726 | 55.6% | Family Room Addition | $83,118 | $50,004 | 60.2% | |
| $58,099 | $33,518 | 57.7% | Garage Addition | $57,824 | $33,089 | 57.2% | |
| $1,545 | $1,151 | 74.5% | Garage Door Replacement | $1,512 | $1,087 | 71.9% | |
| $28,493 | $11,894 | 41.7% | Home Office Remodel | $27,963 | $11,983 | 42.9% | |
| $58,982 | $37,546 | 63.7% | Major Kitchen Remodel | $57,494 | $37,785 | 65.7% | |
| $109,932 | $61,201 | 55.7% | Master Suite Addition | $106,196 | $62,874 | 59.2% | |
| $19,885 | $14,253 | 71.7% | Minor Kitchen Remodel | $19,588 | $14,120 | 72.1% | |
| $22,827 | $13,476 | 59.0% | Roofing Replacement | $21,204 | $12,257 | 57.8% | |
| $12,056 | $8,781 | 72.8% | Siding Replacement (vinyl) | $11,729 | $8,155 | 69.5% | |
| $75,649 | $33,118 | 43.8% | Sunroom Addition | $74,310 | $34,133 | 45.9% | |
| $167,478 | $99,630 | 59.5% | Two-Story Addition | $165,796 | $103,391 | 62.4% | |
| $11,647 | $8,408 | 72.2% | Window Replacement (vinyl) | $11,319 | $7,692 | 68.0% | |
| $12,582 | $8,711 | 69.2% | Window Replacement (wood) | $12,229 | $8,258 | 67.5% | |
Here is your direct link to the report.
Cost vs Value Report 2011-2012
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