Homes are meant to be changed, and when it comes to Delray Beach real estate, they are no different. Like life, home ownership involves constant change. As Delray Beach real estate properties age and home décor styles evolve, homes can start to seem dated. In time, things will stop working, break, peel, crinkle or completely fall off. This is when homeowners have to make some critical decisions about their Delray Beach real estate properties.
From demolishing an existing structure and rebuilding it from scratch to just remodeling particular areas within homes, homeowners can expect their Delray Beach real estate properties to have to go through one of these additions, if not both.
Remodeling Values Assessed
Remodeling values assessed by the experts at remodeling, compared the average cost for popular remodeling projects of Delray Beach real estate properties and other homes across the country, with the value those projects retain at resale in 100 U.S. markets.
Its 2015 Cost vs. Value Report showed last year’s trends and how they compare to prior years. Divided into upscale and moderate remodels the breakdown for last year is as follows:
Popular Upscale Remodels for 2015
Project Job Cost Resale Value Cost Recouped
Bathroom Addition $76,429 $44,750 58.6%
Bathroom Remodel $54,115 $32,385 59.8%
Deck Addition $36,385 $21,437 58.9%
(composite)
Garage Addition $85,592 $46,791 54.7%
Garage Door $2,944 $2,429 82.5%
Replacement
Grand Entrance $7,548 $5,099 67.6%
(fiberglass)
Major Kitchen Remodel $113,097 $66,747 59.0%
Master Suite Addition $236,363 $126,860 53.7%
Roofing Replacement $36,329 $22,840 62.9%
Siding Replacement $14,014 $11,816 84.3%
(fiber-cement)
Siding Replacement $15,184 $11,790 77.6%
(foam-backed vinyl)
Window Replacement $13,837 $10,365 74.9%
(vinyl)
Window Replacement $17,422 $12,533 71.9%
(wood)
Popular Moderate Remodels for 2015
Project Job Cost Resale Value Cost Recouped
Attic Bedroom $51,696 $39,908 77.2%
Backup Power $12,135 $7,263 59.9%
Generator
Basement Remodel $65,442 $47,637 72.8%
Bathroom Addition $39,578 $22,875 57.8%
Bathroom Remodel $16,724 $11,707 70.0%
Deck Addition $15,912 $10,816 68.0%
(composite)
Deck Addition (wood) $10,048 $8,085 80.5%
Entry Door $2,926 $2,107 72.0%
Replacement (fiberglass)
Entry Door $1,230 $1,252 101.8%
Replacement (steel)
Family Room Addition $84,201 $53,955 64.1%
Garage Addition $52,382 $33,938 64.8%
Garage Door $1,595 $1,410 88.4%
Replacement
Home Office Remodel $29,066 $14,155 48.7%
Major Kitchen Remodel $56,768 $38,485 67.8%
Manufactured Stone $7,150 $6,594 92.2%
Veneer
Master Suite Addition $111,245 $68,596 61.7%
Minor Kitchen Remodel $19,226 $15,255 79.3%
Roofing Replacement $19,528 $13,975 71.6%
Siding Replacement $12,013 $9,694 80.7%
(vinyl)
Sunroom Addition $75,726 $36,704 48.5%
Two-Story Addition $161,925 $103,848 64.1%
Window Replacement $11,198 $8,163 72.9%
(vinyl)
Window Replacement $11,341 $8,937 78.8%
(wood)
Additions Most Likely to End Up in Delray Beach Real Estate
The National Association of Home Builders identified features that home builders report are most likely to be requested as home additions in Delray Beach real estate and other homes for 2016.
Ranked from highest to lowest, these include:
- Walk in closets for the master bedroom
- Laundry room
- Great room typically including kitchen – family – living room
- Low-E windows which come with film coating that reflects radiant infrared energy
- New appliances with an Energy Star rating
- Programmable thermostats
- Ceilings that are at least 9 feet high or more
- Central island in the kitchen
- Granite countertops in the kitchen
- New windows with an Energy Star rating