CHAPTER 1 Remodeling – is it Worth it? Renovation Decisions: Boosting Your Home’s Value and Comfort Remodelling. You’ve been thinking about it for a while now. That choke point in the kitchen is maddening, the wallpaper in the bathroom is a crime against good taste, and the basement has looked like a dungeon for years. Not to mention the upgrades to the doors, windows, and landscaping that have been the subject of so many dinner table discussions. It crosses your mind that maybe it would be better to just move and leave all the home’s faults for someone else to figure out. Then again, your job isn’t going to last forever and you may have to move in five or six years anyway. Maybe it would just be best to tough it out until then. After all, no one gets their money back on remodelling projects at the time of sale anyway, right? The truth is that deciding to remodel can be an extremely stressful decision. It affects your savings, your enjoyment of the home, and the property’s potential resale value. Yet, since the housing bubble burst and the Great Recession came along, more and more people have decided to take on the task of remodelling, frequently attempting the projects themselves to save money. A surge in renovations across the country had been driven largely by low interest rates and the rise in home prices. It's important to weigh the cost of an addition versus the cost of moving and buying a larger home. Consider if simple small updates can provide for personal satisfaction and potential ROI. Even in the current market, with home prices going back up and
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