From reading magazines like Money and watching hgtv religiously, it appears the pros say 80% is about the best return on remodeling. There are always exceptions.
However, my view is that even if you do not get the money back, I suppose it could be the difference bewtween selling at all or not.
I know somone who put a 30K sunroom on a 120K ish house and got pretty much a 0% return 3 years later. We did market research on comps. to verify this.
|