If we never expected to move out of our houses, we could spend whatever we wanted on remodeling our bathrooms and amortize the cost of the project over many years. Most of us however, must watch our remodeling budgets because we are eventually going to move. Thus, the project's "value in exchange", an estimation of how much of its total cost will be recovered at the time of sale, becomes very important.

 According to RE appraisal experts, those who expect to live in their houses less than five years before selling them should be concerned about a project's value in exchange. Those who plan to sell within a year should base their decisions solely on economics.

**Bathroom remodeling work that is done in line with other houses in the immediate neighborhood will help ensure that a house will sell more quickly and/or at a better price.

 

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Joe & Jean Marella Chicago and Suburban IL Real Estate

Des Plaines, IL

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Keller Williams Realty Partners

Office Phone: (847) 692-5889

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