In the final installment of cost vs. value segment we’ll be looking at two replacement projects that most owners of 20+ year old homes will be looking at. Here are the latest numbers for the Seattle area.
Window Replacement Project Description: Replace ten 3-by-5-foot double-hung windows with insulated vinyl replacement windows. Wrap the exterior trim as required to match. Don’t disturb interior trim.
Project cost: $11,724
Resale value: $12,655
Cost recouped: 107.9%
Roof Replacement Project Description: Remove existing roofing to bare wood and dispose of properly. Install 30 squares of fiberglass asphalt shingles with new felt underlayment, galvanized drip edge, and mill-finish aluminum flashing.
Project cost: $20,420
Resale value: $18,497
Cost recouped: 90.6%
All of the statistical information was provided by
c 2007 Hanley Wood, LLC. Reproduced by permission. Complete city data from the Remodeling 2007 Cost vs. Value Report can be downloaded for free at www.costvsvalue.com