- The costs for your remodeling projects should be based on the value of your home. Investing too much or too little could lead to a poor return on investment or a home valued outside the local market expectations.
- Your home size and your neighborhood should be considered too. If your improvement or remodeling project are extensive compared to the rest of the neighborhood or size of the home, then a high expectation of return on investment may be unrealistic.
Remodeling Magazine puts out a great report each year which covers costs vs. value: costvsvalue.com.
1 comment:
Yes true...the locality of the house does matter to make the price of the house go high or not.If the house is remodeled to another level of fancy which will have no takers in that locality then there will be a great loss.
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