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Zillow Talk, Chapter 10 (Americas Top Remodel) contained the following statistics regarding the impact of home improvements on re-sale values: (select all correct answers) The
Zillow Talk, Chapter 10 (Americas Top Remodel) contained the following statistics regarding the impact of home improvements on re-sale values: (select all correct answers) The median cost of a second story addition was $49,000 and for every dollar spent $1.02 was recovered in re-sales (i.e. a 2% gain in return on the investment) Basement remodels had median cost of $10,000 and for every dollar spent $0.48 was recovered in re-sales (i.e. 52% loss in return on investment) O Upscale window replacements had a lower cost recovery than mid-range window replacement O Mid-scale bathroom remodels had the lowest cost recoveries of all home improvements evaluated O The Zillow analyses of home remodeling impacts on re-sale prices only took place in California and therefore have only limited applicability in other areas of the country
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