Home Renovations: What’s It Worth?

We frequently have homeowners asking us, “What can I expect to get if I add on a …”  Thanks to the Cost vs. Value Report 2007, we have some concrete numbers to share with you.  I find these incredibly interesting especially when you consider that a deck gives you the best “bang for your buck” from the items on the list.  We are currently evaluating bids to install a new deck on our home, and we never realized it would return this kind of money.  As is always the case, you should first think about doing a renovation because it increases your enjoyment of your home, but if you are like us, you are always considering and evaluating projects.  Also, keep in mind that there are some fantastic deals on Home Equity Lines of Credit through today’s lenders.  Hope the information helps, and if there are any other questions you might have as it relates to return on investment or real estate in general, just give us a call or shoot us an email!

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