kitchen: If we spend $6,000 to renovate our kitchen, will we get that back or more when we sell?
- 08/20/08 12:39 AM
Hi Just had a client ask me the following question: If we put around $6,000 into our kitchen. Which would include re-facing cabinets, new counter tops and re-tile. Would we get that back or more if/when we sell. Or is the rule adding square footage is the only way to add value? Answer: There is a great source of information regarding the cost of making these repairs and the value you would expect to get back when you sell. Here is a link to the report from 2007 for the Mid-Atlantic region: http://www.costvsvalue.com/middleatlantic.html This report lists many renovation and home improvement (3 comments)