Remodeling can be beneficial when you are upgrading for energy efficiency such as new windows, high efficiency heater, new appliances, etc. You can save far more in utility costs than the upgrade costs. That is a good investment. When we replaced our heater, for example, our gas bill dropped by 50%. It will take quite a few years to recoup what we spent, but it will pay off over time.
Remodeling just for a new look is not an investment at all but rather an expense. If you are planning to sell the house, you will probably get more for it with an updated appearance but still not as much as you spent.
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Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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