The Value Of A Remodel – From CAR’s One Cool Thing!
The Lawhead Team would like to share the latest One Cool Thing from the California Association of Realtors about the value of a remodel.
A recent resurgence of several big ticket projects including attic bedroom and basement remodels with average prices tags of $49,438 and $62,834, respectively, shows that consumers are signaling confidence in the value of remodeling.
What are their home remodel projects of choice?
72.9% remodeled their attic bedroom in 2013.
84.3% remodeled their attic bedroom in 2014.
77.3% built a deck addition in 2013.
87.4% built a deck addition in 2014.
Home Office Remodel:
43.6% added a home office in 2013.
48.9% added a home office in 2014.
65.2% remodeled their bathroom in 2013.
72.5% remodeled their bathroom in 2014.
70.3% remodeled their basement in 2013.
77.6% remodeled their basement in 2014.