Maybe price isn’t your only deciding factor when considering a home improvement project to your Northern Virginia home - but most of us want to know what we can expect to spend when it comes to a big ticket item like an addition or large scale remodeling project. How would you know what to expect if you don’t do this regularly? You can ask your neighbors, talk to friends who’ve had similar projects done - but you’ll probably get a pretty broad range of experiences – from “We just hired the neighborhood handyman” to “We went with a very reputable design/build firm”. So how do you REALLY know what to expect cost-wise?
Fortunately, Remodeling Magazine – a national magazine focused on the Design/Build and Remodeling industry – has provided us with a valuable resource every year for our potential clients. The “Cost Vs. Value” Report – updated every year for each region in the U.S. – compares different remodeling projects actual average costs vs. what you can expect to retain in value when you go to sell your home. You will be able to see what the average Home Owner in the D.C. Metro area pays for projects like the following:
- Finished basements
- Kitchen remodeling projects
- Master Suite additions
- Decks and patios
- Master Bathrooms
- Attic insulation
- And much more…
In most cases, they even present different levels of remodeling projects – for example; a mid-range Kitchen remodel vs. an upscale Kitchen remodel.
Here is one page of the report that details the various projects, their average cost, their resale value, and the amount recouped at sale:
Page from the 2017 Cost Vs. Value Report – Remodeler
The report also discusses the national average costs for various projects as well as our local cost ranges. We think it’s a great place for our potential clients to start “doing their homework” with regard to cost expectations for various projects. Being prepared financially and knowing what to expect can be a huge help when deciding if a large scale remodeling project is right for you.
Check out the 2017 report here at: https://s3.amazonaws.com/HW_Assets/CVV_Assets/2017/Professional/washingtondc.pdf
Photo by Lensis Builders, Inc.
Ready to discuss your “Wish List”? Give me a call or send me an email. Let’s set up an in home consultation and talk about ways to make your home more beautiful, functional, and comfortable.
Stacy Lensis, AKBD
If you live in the Northern Virginia area and you’re interested in a free estimate, or would like to know how Lensis Builders, Inc. can make your home even better, give us a call at 703-367-8999 or fill out a short contact form. If you’re looking for inspiration for your next project, visit our Pinterest page.