Maybe at no time in recent history is it more important than now to spend your money wisely. We’re just pulling out of a recession (at a slower pace than most would like), housing and resale prices are still depressed, and unemployment is coming down (very slowly).
So – if you’re in a home that’s in desperate need of several home improvement projects where should you begin to get the most return for money spent? Is there some type of statistical guide to help you prioritize remodeling projects based on the market value they will add to your home? Fortunately the answer is yes!
Every year the remodeling industry with the assistance of Realtor magazine, the National Association of Realtors, Specpan (an on line market research company) and HomeTech Information Systems (an estimating software developer) team up to complete the Cost to Value Report. Here’s a quick recap of the findings: