Wondering if you will get a good return on your remodeling investment? The answer is most likely yes! There are a lot of variables in the deduction of cost vs. the value on your home improvement. You should not expect to receive a full recovery on your remodeling investment right away. Typically expect to get around 60% to 80% return on your home improvement investment dollar within the first year or two. With the proper remodeling project for your home you can even make money on your improvement. The longer you stay in your home the more likely you are to better your home improvment investment, because you are allowing the real estate market time to increase and for your remodeling investment to grow in value along side of it.
There are several things to consider when deciding on your home improvement project to assure your cost vs. value works in your favor.
After all things considered, it has a lot to do with the use you will get out of your remodeling project, because that can be priceless. If you are simply outgrowing your home or just need more space, most of the time it is more cost effective to build an addition or do a basement renovation than it is to move.
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