Remodeling Magazine just put out it’s annual cost vs value report for 2011 -2012. Click here to see the breakdown for the Chicago area.
For those numbers crunchers out there trying to determine whether to go ahead on a remodeling project I would like to offer this great analysis from the trade publication Remodeling Magazine. The article offers an excellent analysis of cost vs value for various remodeling projects many homeowners may be considering for there home. The data shown in the attached report is for the Chicago Illinois area however the full article offers data for the entire United States and can be found on the Remodeling Magazine web site.
My conclusion after reading these statistics is that remodeling your home if done right is still a good investment especially when factoring in two very important factors. One an updated ready to move into home can bring more value and shorter listing time making it much easier for the seller to maximize their equity. The second, as a kitchen and bath professional I be those statistics can be improved on by prudent decisions and hiring the right professional.
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