Louisville Home Improvement Costs vs. Values for 2010 | Manhattan ...

Article by Tre Pryor

For the past three years we?ve published the Remodeling Cost vs. Value data for Louisville remodeling projects. For reference, I?ll link them up for you at the bottom of this article.

Looking at this year compared to last, it appears that values are down across the board. That?s the bad news. The good news is that home improvement projects cost less in Louisville when compared to national averages <em>and</em> they return a great value to the home value. That?s pretty healthy!

Costs Recouped for Additions

Additions National KentuckyAttic Bedroom Addition (midrange) 72.2% 77.8%Backup Power Generator (midrange) 48.5% 55.4%Bathroom Addition (midrange) 53.3% 58.4%Bathroom Addition (upscale) 53.0% 58.2%Deck Addition ? Wood (midrange) 72.8% 74.6%Deck Addition ? Composite (midrange) 66.2% 67.8%Deck Addition ? Composite (upscale) 57.7% 58.5%Family Room Addition (midrange) 62.5% 66.0%Garage Addition (midrange) 59.2% 64.1%Garage Addition (upscale) 53.6% 58.8%Master Suite Addition (midrange) 63.0% 68.8%Master Suite Addition (upscale) 52.7% 57.3%Sunroom Addition (midrange) 48.6% 55.4%Two Story Addition (midrange) 65.0% 72.2%

So looking strictly at the biggest bang for your buck, adding a new wood deck to your Louisville home will return 74.6% of the costs towards resale value.

Costs Recouped for Remodels

Additions National KentuckyBasement Remodel (midrange) 70.0% 76.1%Bathroom Remodel (midrange) 64.1% 68.9%Bathroom Remodel (upscale) 57.2% 64.0%Home Office Remodel (midrange) 45.8% 51.3%Major Kitchen Remodel (midrange) 68.7% 72.6%Major Kitchen Remodel (upscale) 59.7% 60.5%Minor Kitchen Remodel (midrange) 72.8% 77.1%

Louisville again beats National averages when it comes to contributing home remodel costs towards increase home value.

For most items, a minor remodel receives a greater return on investment. This is also true when looking at the amount of money being spent; midrange quality remodels return a higher percentage than upscale. Keep this in mind if you?re planning on selling your Louisville home in the near future.

Here the big winner for Louisville is the midrange basement remodel.

Costs Recouped for Replacements

Additions National KentuckyEntry Door Replacement (fiberglass) 60.0% 70.1%Entry Door Replacement (steel) 102.1% 99.9%Grand Entrance Replacement (upscale) 64.7% 72.5%Garage Door Replacement (midrange) 83.9% 92.2%Garage Door Replacement (upscale) 69.8% 73.6%Roofing Replacement (midrange) 59.5% 62.1%Roofing Replacement (upscale) 55.5% 58.0%Siding Replacement ? Vinyl (midrange) 72.4% 85.0%Siding Replacement ? Foam-backed Vinyl (upscale) 72.4% 85.9%Siding Replacement ? Fiber-cement (upscale) 80.0% 88.1%Window Replacement ? Wood (midrange) 72.4% 80.0%Window Replacement ? Vinyl (midrange) 71.6% 78.4%Window Replacement ? Wood (upscale) 67.5% 72.5%Window Replacement ? Vinyl (upscale) 72.6% 85.2%

Home owners in Louisville, KY get a bigger return on their home improvement projects for replacements than the National average.

You can?t go wrong replacing the front door on your Louisville home with a brand new, steel entry door.

Louisville Home Improvement 2009Louisville Home Improvement 2008Louisville Home Improvement 2007

Source: Data provided by http://www.Realtor.org/realtormag

Tre Pryor, a lifelong resident of Louisville, is a Realtor

This entry was posted in category and tagged 2010, Costs, Home, Improvement, Louisville, Values by admin. Bookmark the permalink.

nitrous oxide rihanna thug life tattoo chuck pagano arizona governor seal team 6 patrick witt nflx