How much does my $50,000 remodel add to my home’s value?

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It’s rare to get a dollar back in value for every dollar spent remodeling and updating your home.  Some expenditures return more than others.  Published reports indicate an average return on bathroom remodels at 68% and kitchen remodeling typically only returns 46% of the cost.  Of course, these are National averages and local research is recommended. Remember, real estate value is about what buyers are willing to pay for something – not the cost.  An owner may have spent $50,000 on updating their weekend cabin, but what are buyers paying for similar remodeled homes in the neighborhood?  That’s what appraisers Read More