Some remodeling jobs certainly pay off better than others, according to the 2003 Cost vs. Value Report published by Remodeling magazine. Adding a 300-square-foot deck might add more value to a home than the cost of the job, while other improvements may not be worth the trouble.
Overall, midrange bathroom renovations paid off well for homeowners (90% of costs recouped), while kitchen remodels paid for about 75% of their costs. Whatever project you may embark on, stay within the scale and value of the neighborhood. Nobody wants the most expensive house on the block, nor should they shoehorn a five-bedroom house on a street of bungalows. Also, stay true to the style of your home. If a future sale is even remotely in your plans, avoid renovations that compromise a home’s selling points. For example, a two-car garage may indeed be the perfect size for a kids’ playroom, but is it worth losing the selling power of the garage?
*Soure: TexarRealtors.com
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