You are standing above a great way to increase the value of your home. Have a look at the Cost-vs-Value of a Basement Remodel project. This project may be similar to what you are considering. We understand that budget is a major factor when considering building and remodeling projects and that is why we do our best to provide our clients with as much information as possible when discussing potential projects. Our clients have found that the information provided by Remodeling Magazine’s Cost-Vs-Value Report is very helpful when considering any major investment in your home. The average cost of this project is $69,921 for our region, which is slightly higher than the National Average of $68,490.
Example Basement Remodel
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.
Bar area: Include 10 linear feet of raised-panel oak cabinets with laminate countertops, stainless steel bar sink, single-lever bar faucet, undercounter refrigerator, and vinyl floor tile
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.
Each project has a brief description and cost history and there are about 30 of the most popular remodeling projects with the average cost in a specific region. Click Here to view some videos for a better understanding of Cost-vs-Value. Additionally, you can find more information about how Remodeling Magazine partners with the National Association of Realtors and Realtor Magazine to determine the value of the 30 projects covered in the report.
Here is a copy of the SEATTLE, WA Cost Vs. Value Report.