|
My 2 cents
Just make sure you're doing a remodel because you WANT it, not because you think it might (keyword here: might) add value.
Case in point - Brother-in-law/sister-in-law added an addition to their house - $80K or so (and they did a majority of the finish work) - added 30K to the value, but, they plan on being there long term, so it was a nice "investment" (they will eventually get the 80k back, but it takes time)...
Appraisers always told me the biggest "bang for the buck" in remodels adding "value" were kitchens and bathrooms....
With foreclosure rates going up, values are dropping....
|