As part of an equity-building upgrade for a 1930's vintage Cape Cod, a couple installs a gas burning fireplace to create an inviting seating area in the master bedroom. With the help of the Sweat Equity crew, they also make some improvements to storage and replace dated wooden paneling and wallpaper with freshly painted walls.Here's the dollar breakdown on the project:
Final Tally:
gas fireplace $2,800
enameling $1,100
cabinets $4,000
tile $90
refinishing floor $1,000
materials $300
total = $9,290
realtor's estimated value increase = $20,000
total cost of material = $9,290
net return on investment = $10,710