An updated kitchen or bath is a valuable improvement to your home because it is something that your family can use everyday and is the first thing that buyers look for when considering property. The “2013 Cost vs Value Report” compiled by Remodeling Magazine reveals what kitchen and bath redos cost in Los Angeles and what they give back when you sell your home. These are the average costs of a midrange improvement. It is not what we charge you, which depends on the materials you choose and size of the remodel.
A bathroom remodel costs about $19,865 and returns 77 percent, or $15,333. This improves an existing 5-by-7-room bath with a 30-by-60-inches steel tub surrounded by 4-inch-square ceramic tile, standard white toilet, solid-surface vanity counter with integrated sink; ceramic tile floor, and vinyl wallpaper.
Adding a new 6-by-8-foot bath over a crawlspace with poured concrete walls costs $46,794 and gives back 76 percent, or $35,954. This includes a 30-by-60-inch fiberglass tub/shower combo with ceramic tile surround, low-profile toilet, cultured-marble vanity top with molded sink, vinyl wallpaper, and ceramic tile floor.
A minor kitchen remodel improves a 200-square-foot space with cabinet and drawer fronts over the existing boxes, new wall oven and cooktop, laminate countertops, midrange sink and faucet, and resilient flooring. This costs $22,210 and returns $19,702, or almost 89 percent.
A major kitchen remodel also improves a 200-square-foot-space but with semi-custom wood cabinets, a 15-square-foot island, laminate countertops, resilient flooring, double-tub stainless-steel sink, and all new energy-efficient wall oven, cooktop, vent, built-in microwave, dishwasher, and garbage disposal. It runs $63,677 and gives back $51,619, or 81 percent.