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
Florida Realty News
Florida Realty News
Berkshire Hathaway HomeServices Florida Realty, a wholly-owned subsidiary of WCI Communities, has over 39 locations and more than 1,650 real estate sales professionals and team members serving 17 counties throughout Florida.
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