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How much return on my investment can I expect from a remodel?


Author's Note

I've been steadily making improvements on my house since I bought it -- new furnace, new roof, hot water heater, garage door. Mostly I fix things as they break, so I haven't given much thought to remodeling for the sake of increasing value. Still, I think the basic advice in the article holds true -- don't try and make money by renovating; make renovations for yourself. Any extra value you get out of it is just gravy.

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Sources

  • Price-Robinson, Kathy. "How Much Will That Remodel Add to Your Home's Resale Value?" DIYLife, Feb. 2, 2010. (May 5, 2012). http://www.diylife.com/2010/02/02/how-much-will-that-remodel-add-to-your-homes-value/
  • Remodeling Magazine. "Remodeling Cost vs. Value Report 2011-12." ( May 5, 2012). http://www.remodeling.hw.net/2011/costvsvalue/national.aspx
  • Tracey, Melissa. "Don't Do These at Home: 3 Big Remodeling Mistakes." Realtor Magazine, June 13, 2011. (May 5, 2012). http://styledstagedsold.blogs.realtor.org/2011/06/13/dont-do-these-at-home-3-big-remodeling-mistakes/

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