Cost vs. Value 2003

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Source: REMODELING Magazine
Publication date: November 1, 2003

By Sal Alfano

Family Room Addition

Project description

In a style and location appropriate to the existing house, add a 16-by-25-foot room on a crawl space foundation with wood siding and fiberglass shingle roof. Include drywall interior with batt insulation, prefinished hardwood floor, and 180 square feet of glazing including windows, atrium-style exterior doors, and two operable skylights. Tie into existing heating and cooling system.

Market Job Cost Resale Value Cost Recouped
National Average $53,983 $43,931 80.6%
Atlanta 49,727 41,576 83.6
Boston 60,202 70,000 116.3
Buffalo, N.Y. 52,872 22,000 41.6
Chicago 62,584 55,000 87.9
Cincinnati 52,868 32,923 62.3
Cleveland 58,210 39,500 67.9
Columbus, Ohio 51,751 38,000 73.4
Dallas 47,020 30,000 63.8
Denver 50,916 35,000 68.7
Detroit 58,645 39,875 68.0
Houston 48,574 34,857 71.8
Indianapolis 51,870 35,583 68.6
Kansas City, Mo. 53,462 42,000 78.6
Los Angeles 62,042 54,333 87.6
Miami 47,833 50,575 105.7
Milwaukee 56,982 39,050 68.5
Minneapolis 63,801 55,000 86.2
New Orleans 46,007 32,083 69.7
New York 62,308 67,800 108.8
Norfolk, Va. 40,492 31,667 78.2
Orlando, Fla. 45,568 33,300 73.1
Philadelphia 58,742 38,750 66.0
Phoenix 51,466 31,091 60.4
Pittsburgh 53,882 30,725 57.0
Portland, Ore. 54,318 32,467 59.8
Providence, R.I. 54,186 75,750 139.8
St. Louis 61,006 45,169 74.0
Sacramento, Calif. 56,469 45,571 80.7
Salt Lake City 47,191 26,125 55.4
San Antonio 46,452 42,643 91.8
San Diego 61,038 61,753 101.2
San Francisco 68,582 80,137 116.8
Seattle 58,324 54,930 94.2
Tampa, Fla. 44,511 34,944 78.5
Washington, D.C. 49,508 57,417 116.0

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