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Saturday, December 19, 2009
Remodeling Doesn't Pay Off Like It Used To
From CNN Money. Article includes chart.
"Home remodelers are getting less bang for their bucks. For the fourth straight year, renovation jobs have added less to resale values relative to their costs, according to an annual Remodeling Cost vs. Value Report released this week by the National Association of Realtors."
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"The most financially successful jobs are smaller-scale, lower-cost renovations that improve the exterior appearance of homes. In this down real estate market, curb appeal is king."
See this article as a follow-up (or actually, a precursor).
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