Welcome back to Part 3, the conclusion of our series. This post looks at Roofing Replacement and Attic Insulation mid-range home remodeling projects. Check out how their return on investment (ROI) benefits homeowners in varied locations throughout the United States as stated in the Remodeling 2016 Cost vs. Value Report (www.costvsvalue.com). Below please find 2015 data related to homes located in Tampa, Florida, as well as Regional and National estimates. For the ROI in eight specific Florida cities, be sure to go to www.remodeling.hw.net.
Roofing Replacement – 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.
| Tampa | Job Cost: $19,065 | Resale Value: $14,563 | ROI: 76.4% |
| South Atlantic | Job Cost: $18,898 | Resale Value: $14,338 | ROI: 75.9% |
| National | Job Cost: $20,142 | Resale Value: $14,446 | ROI: 71.7% |
Attic Insulation (fiberglass) – Air seal a 35×30 attic floor to address any air leakage from conditioned spaced to unconditioned space. Then add fiberglass loosefill insulation, placing it on top of existing insulation, if present. Fiberglass loosefill is applied until thickness equating with R-30 insulation value is reached.
| Tampa | Job Cost: $1,238 | Resale Value: $1,696 | ROI: 137.0% |
| South Atlantic | Job Cost: $1,241 | Resale Value: $1,624 | ROI: 130.9% |
| National | Job Cost: $1,268 | Resale Value: $1,482 | ROI: 116.9% |
We hope you found our 3-Part Series helpful, informative and interesting … Watch for our next BLOG POST on July 14th. To learn more about Tampa Bay area homes for sale in Spring Hill and Brooksville, located in Hernando County, Florida, visit us @ www.GailSellsFloridaHomes.com… Be sure to check out our custom, state-of-the-art, MLS Map Search Feature, which you’ll find to be fully functional on any and all of your devices!
Until then… it’s all about YOU!Source: Remodeling Magazine, 2016 Cost vs. Value Report, Mid-Range Projects
Copyright 2016 Hanley Wood Media Inc. Complete data from the Remodeling 2016 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.