The Best Remodeling Choices for a Soft Housing Market
These days, new exterior doors often bring a better return on investment than a kitchen re-do
October 6, 2011 RSS Feed Print
Updated kitchens, pretty and functional bathrooms, and classy curb appeal still rank high on the list of renovations that lure homebuyers. But today’s soft housing market conditions demand that homeowners carefully consider projects in order to get an attractive return on their investment.
Homeowners should conduct a cost analysis of their remodeling budget and pay close attention to local real estate values. A $50,000 kitchen renovation in a home currently worth $200,000 makes little sense for resale in the predicted steady to slowly improving months ahead.
This article has some great advice! The “old standards” have to be looked at through the lens of a very different real estate market than we have ever seen.
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