Ar_home_b_search
 



finance: The myth of recouping reno costs - 01/12/09 10:45 AM
It used to be that when you renovated some portion of your home, the home's value would increase.
Things aren't quite the same now.
A recent survey by Remodeling Magazine, a periodical for builders, publishes an annual survey of the value of home improvements.
The depressing results include the following examples: An upscale bathroom remodel cost about $51,000 in 2007 but homeowners could expect to recover only about $35,000 or 68% of the cost. Spend $220,000 on a new master bedroom suite, recoup just $141,000 (64%). Drop $109,000 on a new kitchen, make back just $81,000 (74%).
Most remodeling has gone … (2 comments)

 

Robert Morrow

Hamilton, ON

More about me…

Chase Realty Inc. Brokerage

Office Phone: (905) 648-3333

Cell Phone: (905) 536-4644

Email Me

Clicky Web Analytics

Clicky

Blog by Hamilton Home Review's editor, Robert J. Morrow, a licensed Realtor with Chase Realty Inc., in Ancaster, ON, Canada.


Links

Archives

RSS 2.0 Feed for this blog