Todd and Mica Franks, and their three kids, decided their three-bedroom home could do with some additional breathing room. An exercise room and fourth bedroom in the basement would provide much needed space as well as add to the homes value and desirability. The Sweat Equity team stepped in to help out.Projects in Sweat Equity makeover included adding an egress window, reframing and hanging drywall, installing new flooring, adding French doors and updating the lighting.
Here's the dollar breakdown:
Final Tally:
flooring $2,200
French doors $450
egress window $350
paint, carpet & lighting $485
labor & drywall materials $2,500
dumpster and permit for demolition $500
TOTAL = $6,485
realtor's estimated value increase = $16,000
total cost of material = $6,485
net return on investment = $9,515