DON'T REMODEL.
Remodeling seldom pays you back; Remodeling Magazine's annual cost vs. value report shows that the cost of most remodeling projects are not 100% recouped when the home is sold. As shown in the following table, every time you sink money into these projects, you take money out of your pocket when you sell your home. For instance, adding a bath sends 28% of your investment down the drain. And a swimming pool returns as much value as a hole in the ground.
|
Project |
Cost Recouped |
Your Loss |
|
Adding a bathroom |
72% |
28% |
|
Remodeling a bathroom |
71% |
29% |
|
Adding a family room |
71% |
29% |
|
New kitchen |
70% |
30% |
|
Adding a bedroom |
65% |
35% |
|
Replacing windows |
56% |
44% |
|
Swimming pool |
0% |
100% |
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