Jim Guido's Blog

For the March 10th Market report for the Greater Silicon Valley and Central Coast Communities check out the link below.

http://www.clarusresource.com/marketdata/MLSListings/index.html

In todays Real Estate Market Do you remodel and stay……. or sell? How do you know if your remodeling dollars are well spent and how much can you expect to recoup from your investment? Well according to the 2009 / 2010 survey published by Remodeling magazine, here’s how it breaks down:
For a mid-range priced home, you can expect the average cost and recoup for the following projects:
Average Cost vs Expected Return on your investment
Bathroom Remodel $19,000
Recoup 60% of your costs

Bathroom Addition $48,000
Recoup 56% of your costs

Garage Addition $72,000
Recoup 63% of your costs

Convert a Bedroom to a Home Office $32,000
Recoup 47% of your costs

Major Kitchen Remodel $65,000
Recoup 72% of your costs

Minor Kitchen Remodel $24,000
Recoup 76% of your costs

Window Replacement (vinyl) $13,000
Recoup 74% of your costs

Backup Power Generator $17,000
Recoup 75% of your costs