Cost vs Value: Basement Remodel
This is the first post on a series that we here at Rupp Family Construction will be doing tackling the cost of a construction project versus the value that it immediately adds to your home. Check back every week for new blog posts and information on how to invest in the value of your home.
Finish the lower level of a house to create a 20-by-30-foot entertaining area with wet bar and a 5-by-8-foot full bathroom; construct 24 linear feet of finished partition to enclose mechanical area. Walls and ceilings are painted drywall throughout; exterior walls are insulated; painted trim throughout. Include five six-panel factory- painted hardboard doors with passage locksets. Electrical wiring to code.
Main room: Include 15 recessed ceiling light fixtures and three surface-mounted light fixtures, and a snap-together laminate flooring system.
Bathroom: Include standard white toilet, vanity with cultured marble top, resilient vinyl flooring, two-piece fiberglass shower unit, a light/fan combination, vanity light fixture, recessed medicine cabinet, towel and paper-holder hardware.
Bar area: Include 10 linear feet of raised- panel oak cabinets with laminate counter- tops, stainless steel bar sink, single-lever bar faucet, undercounter refrigerator, and vinyl floor tile.
Average Cost For The Pacific Region: $73,399.00
Average Pacific Region Resale Value: $63,777.00
Cost Recouped: 86.9%
National Average Cost: $61,011.00
Nation Average Resale Value: $44,467.00
Cost Recouped: 72.9%
Data pulled from costvsvalue.com