Real Estate Improvements and Annual Cost

Source- Marshall and Swift, 1999 for typical 2,200 square foot two story house.

Component Cost Installed Life Expectancy Cost per year
HEATING AND COOLING
Central Air Conditioning (high Efficiency) $3,875 13 years $298
Central Air Conditioning (economy) 3,475 8 434
Electric Furnace (High Efficiency) 1.925 29 96
Electric Furnace (Economy) 1,625 13 125
Gas Furnace (High Efficiency) 1,850 16 116
Gas Furnace (Economy) 1,350 10 135
KITCHEN FLOOR (125 sq.ft.)
Ceramic Tile 1,600 30 53
Pergo laminated wood 975 52 39
Vinyl Sheet 600 15 40
KITCHEN COUNTERS (18 linear feet)
Corian 1,550 25 62
Granite 2,650 40 66
Laminate 850 15 57
MAJOR APPLIANCES
Range with over (good quality) 1,925 15 128
Range with over (standard) 970 10 97
Refrigerator (deluxe) 3,650 15 243
Refrigerator (standard) 1,000 10 100
Washer/dryer (good quality) 1,275 1 106
washer/dryer (standard) 900 2 129
ROOF (1,250 sq.ft.) 7
Asphalt/Fiberglass (good quality) 2,300 20 115
Asphalt/fiberglass shingle (economy) 1,300 12 108
Cedar Shake 3,825 24 159
Clay Tile 8,675 42 207
Slate 9,900 55 180
GUTTERS AND DOWNSPOUTS
Aluminum 485 10 49
Copper 1225 30 41
DRIVEWAY (200 sq.ft.)
Asphalt 385 11 35
Concrete 820 20 45

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