San Francisco has triple digit returns

I thought you would want to know home improvement in San Francisco has triple digit returns!

San Francisco has triple digit returnsCost vs best project tracking software. Value Report 2012/13

Wondering why so many parking spaces seem to be taken by construction workers or why there is scaffolding somewhere on nearly every block in San Francisco?

I  wanted to share with you that the most recent Annual ‘Cost vs Value’ Survey by Remodeling Magazine and the National Association of Realtors is just out and gives us the answer.

Only in the San Francisco metro area is the return over 100% in nearly every major category of remodeling, from attic bedroom additions to basement conversions to home theaters.   In my opinion if the numbers for the greater metro were removed and only numbers from the City were used the returns would be much. In my experience this year that has been the case. I’ve seen as much as a 150% return on remodeling dollars on a small cottage in Noe Valley.


Project Type 

Job

Cost

Resale

Value

Cost

Recouped

Attic Bedroom Remodel

$63,290

$71,852

113.5%

Basement Remodel

83,394

87,746

60.8%

Bathroom Remodel

20,980

24,915

118.8%

Deck Addition (wood)

11,934

15,387

128.9%

Garage Addition

1,751

2,149

122.7%

Major Kitchen Remodel

66,810

71,155

106.5%

Master Suite Addition

134,621

120,933

89.9%

Minor Kitchen Remodel

23,396

30,123

128.8%

 

In this competitive market, you know the importance of having someone in the trenches everyday on your side. You’ve seen your investment in San Francisco real estate rise. It’s not too late for your friends to find their perfect home too. If you know of someone who is looking for their hidden gem, please share with them that I’d love to help them find the perfect place for them too.

 

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