Residential Trends/Statistics

2007 Home Improvement Values, Louisville KY vs. Nation

In one of our most popular posts of last year—Comparing Home Improvements in Louisville with the Nation—we looked at how home improvement project costs were recouped when it came time to sell your home. This is important information given that so many homeowners desire to include 100% of their home improvement dollars in their asking price when it comes time to sell, which isn’t realistic.

Now we have the numbers for 2007! Unfortunately, in almost every case, recoup values have gone down, sometimes drastically. But having this information should help every homeowner better prepared for both what kind of home improvement projects to undertake, as well as, what kind of home value increase is reasonable for each project.

Costs Recouped: 2007

Additions Kentucky National
Bathroom (Midrange) 63.8% 66.0%
Bathroom (Upscale) 66.8% 69.0%
Deck 79.7% 85.4%
Family Room 68.5% 68.6%
Master Suite (Midrange) 68.9% 69.0%
Master Suite (Upscale) 64.7% 64.1%
Sunroom 52.9% 59.1%
Two-Story 72.2% 73.9%
Remodels
Attic Bedroom 74.7% 76.6%
Basement 70.0% 75.1%
Bathroom (Midrange) 76.0% 78.3%
Bathroom (Upscale) 66.1% 68.4%
Home Office 51.3% 57.0%
Kitchen Minor (Midrange) 77.7% 83.0%
Kitchen Major (Midrange) 76.3% 78.1%
Kitchen Major (Upscale) 70.7% 74.1%
Replacements
Roofing (Midrange) 58.2% 67.4%
Roofing (Upscale) 60.8% 65.7%
Siding 74.0% 83.2%
Siding (Fiber Cement) 81.0% 88.1%
Siding (Foam-Backed Vinyl) 72.9% 79.7%
Windows (Midrange-Wood) 75.2% 81.2%
Windows (Midrange-Vinyl) 69.4% 79.3%
Windows (Upscale-Wood) 74.2% 79.3%
Windows (Upscale-Vinyl) 75.1% 81.0%

Remodeling Cost vs. Value Report 2007

About the author

Tre Pryor, Editor-in-Chief

Tre Pryor is the recognized expert Louisville Realtor who can:
  • List and sell your current home in Louisville,
  • Help you purchase your next Louisville home, or
  • Guide you in your relocation to Louisville, Kentucky
» Contact Tre now!

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