Only Certain Home Improvement Projects Will Pay You Back
In many markets and today’s economy, most of your home improvement projects and remodeling projects are not going to make you money. You won’t see a good home improvement return on investment for all your remodeling projects. The money that you spend remodeling your bathroom, adding a deck, or finishing a basement will unfortunately not translate dollar for dollar in new home equity. If you spend $10,000 remodeling your master bathroom, that rarely converts to $10,000 in added home equity if you were to put your home on the market immediately afterward. Home Improvement Return on Investment Some projects have a higher impact or rate of return. One great rule of thumb is that anything with running water, such as bathrooms … Read more