Realtor Magazine does an annual report on the cost versus value of remodeling your home and the 2005 results are interesting - especially if you're looking to sell your home soon. What's most interesting is the effect of location on the return you can expect from your investment. If you live in the West, you have a much better chance of turning the cost of the project into a profit than if you live in the South or Midwest - but each of the 58 cities studied had quite variable results so check out the details of the report in the link below.
The San Francisco market showed the best overall returns on nearly all of the remodel projects which include bathrooms, kitchens, siding, decks, etc. Of course, many factors affect the true value of the project and you also need to consider the cost of NOT doing the project. Keeping up with neighboring homes may necessitate a remodel in order to make your home saleable in the first place. By not remodeling an old kitchen or bathroom, you can turn the sales cycle into a long ride...
Here's the article:
Feature: 2005 Cost vs. Value Report
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