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 10 existing 3-by-5-foot double-hung windows with insulated vinyl replacement windows. Wrap existing exterior trim as required to match. Do not disturb existing interior trim.
Project cost: $11,820
Resale value: $11,074
Cost recouped: 93.7%
Roof Replacement Project Description: Remove existing roofing to bare wood sheathing and dispose of properly. Install 30 squares of 235-pound fiberglass asphalt shingles (min. 25-year warranty) with new felt underlayment, galvanized drip edge, and mill-finish aluminum flashing. Assume a 5-square hip roof; custom flashing at two average- sized skylights; and custom cap treatment at vented ridge.
Project cost: $20,864
Resale value: $17,541
Cost recouped: 84.1%
All of the statistical information was provided by c 2008 Hanley Wood, LLC. Reproduced by permission. Complete city data from the Remodeling 2008 Cost vs. Value Report can be downloaded for free at www.costvsvalue.com
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