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
If you have any questions on this information, I welcome you to email me at tony@staging.eastsidehomes.com
Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle's Eastside Real Estate Resource
tony@staging.eastsidehomes.com
