Necessary Repairs Mean More Price Leveraging Power
Posted Mar 21st, 2007 by Adam - 
Though you may need to spend some extra money to make some repairs on homes you’re considering, according to Remodeling Magazine’s annual Cost vs. Value report, you will recoup a good portion of the project cost because of the increase in the home’s value.
Below is a list of common midrange repairs, the job cost, the amount that the job will likely increase the home’s resale value, and the percent of the cost recouped.
| Midrange Repairs | Job Cost | Resale Value | % Cost Recouped |
| Bathroom Remodel | $12,918 | $10,970 | 84.9% |
| Major Kitchen Remodel | $54,241 | $43,60 | 80.4% |
| Minor Kitchen Remodel | $17,928 | $15,278 | 85.2% |
| Roofing Replacement | $14,276 | $10,553 | 73.9% |
| Siding Replacement (vinyl) | $9,134 | $7,963 | 87.2% |
| Window Replacement (wood) | $11,040 | $9,41 | 85.3% |
| Window Replacement (vinyl) | $10,160 | $8,500 | 83.7% |
If you’re considering older homes that may need some repairs, consider the cost of the job when evaluating the price. As a homebuyer, pointing out necessary repairs gives you leverage when negotiating a price.
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