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2018 Denver Cost versus Value Report

This is a great overview of what a consumer in Denver may expect to recoup on a remodeling project.  All data provided by:

“© 2018 Hanley Wood Media Inc. Complete data from the Remodeling
2018 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.”

 

 

 

PATIO—MIDRANGE
20×20-foot flagstone patio on flat ground behind home. Connect house and patio via a lift-and-slide glass door. Put gaspowered fire pit in the center of the patio and surround it with four mid-priced all-weather deck chairs. Opposite home, install a stoneveneer modular kitchen unit with gas grill, mini-refrigerator, sink, and storage. On each corner, erect 20×20-foot cedar holding an awning that can shade the entire deck. Install midpriced, low-voltage lights on pergola sufficient to illuminate patio at night. Install underground gas and electrical connections.
BATHROOM ADDITION—MIDRANGE
Add 6×8-foot bathroom over crawlspace with poured concrete walls. Use cultured-marble vanity top with molded sink; standard chrome faucets; 30×60-inch white fiberglass tub/shower with ceramic tile surround; single-lever temperature and pressurebalanced faucet; white low-profile toilet; general and spot lighting; electrical wiring to code; mirrored medicine cabinet; linen storage closet or cabinet; vinyl wallpaper; painted trim; ceramic tile floor.
BATHROOM ADDITION—UPSCALE
Add new 100-square-foot master bath to existing master bedroom over crawlspace. Include 42×42-inch neo-angle shower with ceramic tile walls, accent strip, recessed shower caddy, body-spray fixtures, and frameless glass enclosure. Put in freestanding soaker tub with high-end faucets; stone countertop with two sinks; two mirrored medicine cabinets with lighting; a compartmentalized commode area with one-piece toilet; and a humidistat-controlled exhaust fan. Use larger matching ceramic tiles on the floor, laid on diagonal with ceramic tile base molding. Add general and spot lighting and waterproof shower fixture. Cabinetry has custom drawer base, wall cabinets. Extend HVAC. Electric in-floor heating.
BATHROOM REMODEL —MIDRANGE
Update an existing 5×7-foot bathroom. Replace all fixtures to include 30×60-inch porcelain-on-steel tub with 4×4-inch ceramic tile surround; new single-lever temperature and pressure-balanced shower control; standard white toilet; solid-surface vanity counter with integral sink; recessed medicine cabinet with light; ceramic tile floor; vinyl wallpaper.
BATHROOM REMODEL—UPSCALE
Expand existing 35-square-foot bathroom to 100 sf within existing house footprint. Relocate all fixtures. Include 42×42-inch neo-angle shower with ceramic tile walls with accent strip, recessed shower caddy, body-spray fixtures, and frameless glass enclosure. Include freestanding soaker tub with high-end faucets; stone countertop with two sinks; two mirrored medicine cabinets with lighting; a compartmentalized commode area with one-piece toilet; and a humidistat-controlled exhaust fan. Use all color fixtures. Use larger matching ceramic tiles on the floor, laid on diagonal with ceramic tile base molding. Add general and spot lighting including waterproof shower fixture. Cabinetry shall include a custom drawer base and wall cabinets. Extend HVAC system, and include electric in-floor heating.
DECK ADDITION (COMPOSITE)—MIDRANGE
Add a 16×20-foot deck using pressure-treated joists supported by 4×4-inch posts anchored to concrete piers. Install composite deck material in a simple linear pattern. Include a built-in bench and planter of the same decking material. Include stairs, assuming three steps to grade. Provide a complete railing using a matching system made of the same composite as the decking material.
DECK ADDITION (WOOD)—MIDRANGE
Add a 16×20-foot deck using pressure-treated joists supported by 4×4-inch posts anchored to concrete piers. Install pressure-treated deck boards in a simple linear pattern. Include a built-in bench and planter of the same decking material. Include stairs, assuming three steps to grade. Provide a complete railing system using pressure-treated wood posts, railings, and balusters.
ENTRY DOOR REPLACEMENT (STEEL)—MIDRANGE
Remove existing 3-0/6-8 entry door and jambs and replace with new 20-gauge steel unit, including clear dual-pane half-glass panel, jambs, and aluminum threshold with composite stop. Door is factory finished with same color both sides. Exterior brick-mold and 2.5-inch interior colonial or ranch casings in poplar or equal prefinished to match door color. Replace existing lockset.
GARAGE DOOR REPLACEMENT—UPSCALE
Remove and dispose of existing 16×7-foot garage door and tracks. Install new four-section garage door on new heavy-duty galvanized steel tracks; reuse existing motorized opener. New door is hightensilestrength steel with two coats of factory-applied paint, and foam insulated to minimum R-12, with thermal seals between pinch-resistant panels. Windows in top panel are ½-inch insulated glass. Hardware includes galvanized steel hinges and ball-bearing urethane rollers. Lifetime warranty.
GRAND ENTRANCE (FIBERGLASS)—UPSCALE
Remove existing 3-0/6-8 entry door and cut and reframe opening for a 12-36-12 entrance door with dual sidelites. Move double-gang electrical box with two switches. Fiberglass door blank matches upscale entry, including color, threshold, lockset, and decorative half-glass; sidelites match door. PVC-wrapped exterior trim in color to match existing trim; wider interior colonial or ranch casings (3.5-inch to cover new jack studs) in hardwood stained to match door. All work to be completed in one day.
MINOR KITCHEN REMODEL—MIDRANGE
In a functional but dated 200-square-foot kitchen with 30 linear feet of cabinetry and countertops, leave cabinet boxes in place but replace fronts with new shaker-style wood panels and drawer fronts, including new hardware. Replace cooktop/oven range and slide-in refrigerator with new energy-efficient models. Replace laminate countertops; install midpriced sink and faucet. Repaint trim, add wall covering, and remove and replace resilient flooring.
MAJOR KITCHEN REMODEL—MIDRANGE
Update an outmoded 200-square-foot kitchen with a functional layout of 30 linear feet of semi-custom wood cabinets, including a 3×5-foot island; laminate countertops; and standard double-tub stainless-steel sink with standard single-lever faucet. Include energy-efficient range, ventilation system, built-in microwave, dishwasher, garbage disposal, and custom lighting. Add new resilient flooring. Finish with painted walls, trim, and ceiling.
MAJOR KITCHEN REMODEL—UPSCALE
Update outmoded 200-square-foot kitchen with 30 linear feet of top-of-the-line custom white cabinets with built-in sliding shelves and other interior accessories. Include stone countertops with imported ceramic- or glass-tile backsplash; built-in refrigerator, commercial grade cooktop and vent hood, wall oven, and built-in microwave unit. Install high-end undermount sink with designer faucets and water filtration system. Add new general and task lighting, including low-voltage undercabinet lights. Install tile or similar flooring that looks like wood.
MANUFACTURED STONE VENEER—MIDRANGE
Remove 300 square-foot continuous band of existing vinyl siding from bottom third of street-facing façade, beginning at garage, and continuing around main entry. Replace with adhered manufactured stone veneer, including 36 linear feet (LF) of sills, 40 LF of corners, and one address block. Installation includes two separate layers of water resistive barrier laid over bare sheathing, corrosion resistant lath and fasteners, and nominal ½-inch-thick mortar scratch coat and setting bed. Outline the archway, use an 8×10-inch keystone and a soldier course of flats on either side.
MASTER SUITE ADDITION—MIDRANGE
Add 24×16-foot master bedroom suite over crawlspace. Include walk-in closet/dressing area, freestanding soaker tub, separate 3×4-foot ceramic tile shower, and double-bowl vanity with solidsurface countertop. Carpet the floor; put tile in bath. Paint walls, ceiling, and trim. Install general and spot lighting, exhaust fan..
MASTER SUITE ADDITION—UPSCALE
Add a 32×20-foot master bedroom suite over a crawlspace. Add spacious sleeping area with lounging/sitting area adjacent to large master bath. Include custom bookcases and built-in storage with millwork details; high-end gas fireplace with stone hearth and custom mantle; and walk-in closet/dressing area with natural light, mirrors, and linen storage. Add French doors. Bathroom includes a walk-in shower with dual-shower system, stone walls and floor, and custom frameless glass enclosure. Add freestanding soaker tub. Include two sinks in separate custom vanities with stone countertops and large mirrors. Create partitioned area for luxury one-piece toilet. Outside the bath, add 5-foot-long hospitality center with bar sink, undercounter refrigerator, custom cabinetry, granite or marble countertop, and microwave. Include soundproofing, infloor heating, custom wall finishes and hardware, general and spot lighting, and lighting controls.
ROOFING REPLACEMENT—MIDRANGE
Remove existing roofing to bare wood sheathing and dispose of properly. Install 30 squares of 235-pound fiberglass asphalt shingles (min. 25-year warranty) with new felt underlayment, galvanized drip edge, and mill-finish aluminum flashing. Assume a 5-square hip roof; custom flashing at two average-size skylights; and custom cap treatment at vented ridge.
SIDING REPLACEMENT—MIDRANGE
Replace 1,250 square feet of existing siding with new siding.
Include factory trim at all openings and corners.

UNIVERSAL DESIGN BATHROOM—MIDRANGE
In existing 5×7-foot space, widen doorway so room is accessible by wheelchair. Install a wider wood interior door and standard knobs. Reinforce bathroom walls as appropriate to support grab bars, towel hooks, and seats. Place electrical switches and outlets at wheelchair heights. Replace existing 3×5-foot tub/shower unit with walk-in, zero-threshold shower. Install fold-down seat in shower area. Use a height-adjustable/removable shower head. Replace existing toilet with comfort-height toilet. Install support bars as needed. Replace bathroom vanity and sink with a unit whose doors are easily accessible while sitting and has space beneath for a person to sit comfortably at it. Install standard porcelain sink and faucets with lever handles. Place mid-priced light fixtures on either side of the mirror. Replace overhead lighting with 100-watt equivalent LED unit. Reconfigure storage so it can be accessed from a wheelchair.
WINDOW REPLACEMENT (VINYL)—MIDRANGE
Replace 10 existing 3×5-foot double-hung windows with insulated, low-E, simulated-divided-lite vinyl windows. Simulated woodgrain interior finish; custom-color exterior finish. Trim exterior to match existing; do not disturb existing interior trim.
WINDOW REPLACEMENT (WOOD)—MIDRANGE
Replace 10 existing 3×5-foot double-hung windows with insulated, low-E, simulated-divided-lite wood windows. Interior finish of stained hardwood; exterior finish of custom-color aluminum cladding. Trim exterior to match existing; do not disturb existing interior trim.

ACKNOWLEDGING COST VS. VALUE AS DATA SOURCE
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“© 2018 Hanley Wood Media Inc. Complete data from the Remodeling
2018 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.”
LICENSING OF 2018 COST VS. VALUE REPORT DATA
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DENVER MOUNTAIN 2018 NATIONAL AVERAGES
     
PROJECT TYPE  Job  Cost  Resale  Value   Cost

Recouped

 Job  Cost  Resale  Value   Cost

Recouped

 Job  Cost  Resale  Value   Cost

Recouped

Backyard Patio | Midrange  

$ 53,434

$ 29,189 54.6%  

$ 52,032

$ 23,075 44.4% $ 54,130 $ 25,769 47.6%
Bathroom Addition | Midrange 44,270 27,455 62.0% 43,247 24,255 56.3% 44,717 26,769 59.9%
Bathroom Addition | Upscale 84,548 51,104 60.4% 81,638 42,787 52.6% 83,869 45,752 54.6%
Bathroom Remodel | Midrange 19,113 13,874 72.6% 18,345 11,640 63.8% 19,134 13,422 70.1%
Bathroom Remodel | Upscale 61,703 37,909 61.4% 60,233 31,531 52.5% 61,662 34,633 56.2%
Deck Addition (composite) | Midrange 17,826 11,682 65.5% 17,292 11,011 63.9% 17,668 11,239 63.6%
Deck Addition (wood) | Midrange 11,086 9,582 86.4% 10,661 8,863 84.0% 10,950 9,065 82.8%
Entry Door Replacement (steel) | Midrange* 1,488 896 60.2% 1,746 1,396 80.0% 1,471 1,344 91.3%
Garage Door Replacement | Upscale 3,484 3,611 103.7% 3,449 3,326 96.7% 3,470 3,411 98.3%
Grand Entrance (fiberglass) | Upscale 8,648 5,389 62.3% 8,453 4,819 56.9% 8,591 5,809 67.6%
Major Kitchen Remodel | Midrange 63,485 40,498 63.8% 62,173 36,155 58.3% 63,829 37,637 59.0%
Major Kitchen Remodel | Upscale 126,455 73,855 58.4% 123,425 61,815 50.2% 125,721 67,212 53.5%
Manufactured Stone Veneer | Midrange 8,123 7,772 95.7% 8,084 7,576 93.8% 8,221 7,986 97.1%
Master Suite Addition | Midrange 122,774 78,636 64.0% 120,244 70,778 59.0% 123,420 69,807 56.6%
Master Suite Addition | Upscale 258,776 133,674 51.7% 251,415 118,968 47.4% 256,229 123,797 48.3%
Minor Kitchen Remodel | Midrange 21,193 18,838 88.9% 20,712 17,259 83.8% 21,198 17,193 81.1%
Roofing Replacement | Midrange 20,711 12,242 59.1% 20,283 12,703 62.6% 20,939 14,320 68.4%
Siding Replacement | Midrange 15,370 10,373 67.5% 14,635 9,502 65.1% 15,072 11,554 76.7%
Universal Design Bathroom | Midrange 16,018 11,289 70.5% 15,656 10,297 66.5% 16,393 11,581 70.6%
Window Replacement (vinyl) | Upscale 15,903 10,827 68.1% 15,649 10,701 68.4% 15,955 11,855 74.3%
Window Replacement (wood) | Upscale 19,322 12,297 63.6% 19,032 12,259 64.5% 19,391 13,468 69.5%

CONFIDENCE LEVEL: 95% +/-4.4                    CONFIDENCE LEVEL: 95% +/-1.4


©2018 Hanley Wood Media Inc. Republication or dissemination of Remodeling’s 2018 Cost vs. Value Report is expressly prohibited without the written permission  of Hanley Wood Media Inc. “Cost vs. Value” is a registered trademark of Hanley Wood Media Inc. Unauthorized use is prohibited.

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