As a real estate appraiser, I know that cost and value are not the same thing. Every year NAR does a study of what remodel jobs pay off and which don't. That is kind of a misnomer because in general, they don't pay off. They are trying to be positive so they put it in a percent of cost recovered, but I would prefer if they put a percent gained or lost based on the investment put in. Almost all of the numbers would be negative, but that is more realistic.
Smartmoney published the list here. Keep in mind that you only made money on your investment if the number is greater than 100%.
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1 comment:
Rev, I posted on your question.
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