Why Powell Construction?

  • Established in 1990
  • Design-Build Experts
  • Clear Communication
  • Detailed Estimates
  • Fixed Price Contracts
  • Printed Schedules
  • Many Repeat Customers
  • Award Winning Designs

Cost vs. Value

When you remodel your home what do you actually add to its value? Which types of projects bring you the greatest return on your investment?

Oregon Remodeling, a supplement to Oregon Home magazine, states that “Housing values remain stronger in Oregon than in the rest of the country, and that goes for remodeling too.” In fact Oregonians recoup most of the cost of remodeling their homes. “A typical bathroom or kitchen remodel will provide a return-on-investment of 90 to 100 percent in Oregon, compared to the national average of about 80 percent.” Over time, as property values increase, returns increase even further.

Even if you are not planning on selling your home in the short term, it’s wise to have an idea of how much a remodeling project will add to your home’s value down the road. Remodeling magazine conducts a yearly nationwide cost vs. value survey. For 2007 in the Portland area the immediate return on an attic bedroom remodel is 102%, a basement remodel is 98%, a midrange major kitchen remodel is 96%, a bathroom remodel is 94%, a two-story addition is 87%, a bathroom addition is 86%, a master suite addition is 85%, a family room addition is 80%, siding replacement is 69%, a sunroom addition is 65%, and a home office is 61%. For more information on the report go to www.remodeling.hw.net/costvsvalue.

Of course the value of any remodel depends on the quality of the design and the work. A professional remodeling company can guide you toward a product that will give you maximum value for your investment.

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