Does Remodeling Add to the Home Value?
“I’m thinking of remodeling our kitchen. We plan to sell when our kids graduate high school in a couple of years and I’m curious how much the remodel will add to the value.”
***ANSWER:
I’m asked this a lot.
The answer: it depends.
It depends on:
1. How much your kitchen (or bath or ???) needs it
2. How nice of a job you do
3. To some extent, if the quality is commensurate with your neighborhood
So I can tell you that the average kitchen remodel will bring you about 85% of what you put into it, but that’s not really a number that you can automatically apply to your home.
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