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2005 Cost vs. Value Report

Basement Remodel

Project Description: Create a 20-by-30-foot entertaining area with wet bar, a 5-by-8-foot full bath, and a 2-by-12-foot auxiliary room. Painted drywall throughout; exterior walls are insulated. Include five six-panel primed hardboard doors. Main room: Fifteen recessed ceiling light fixtures, three surface-mounted light fixtures, and a snap-together laminate flooring system. Bathroom: Toilet, vanity with cultured marble top, resilient vinyl flooring, two-piece fiberglass shower unit, a light/fan combination, and recessed medicine cabinet. Bar area: 10 linear feet of raised-panel oak cabinets with laminate countertops, stainless steel bar sink, under-counter refrigerator, and vinyl floor tile.

Basement remodel
 

Job
Cost

Resale
Value
Cost
Recouped
National Average:
$51,051
$46,010
90.1%
East Average:
$52,585
$43,095
82.0%
Midwest Average:
$53,114
$38,767
73.0%
South Average:
$46,501
$45,025
96.8%
West Average:
$53,359
$57,759
108.2%

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