There may be a number of reasons why you decide to remodel your home. You could finally be tackling the project you wanted to do since you moved or simply doing a remodel to get a higher value for your home when you resell. Either way, you want to recover as much of your costs as possible.
We’ve talked about the ROI (return on investment) before in terms of the average recouped value in home remodeling projects. Many homeowners pursue remodeling projects geared towards more luxurious and upscale finishes, but they are unable to recover much of what they spend. This is because often times the amount you are able to recoup depends on what homebuyers are willing to spend more to get. In other words, focusing on the projects that make your home more competitive on the market can tend to get you more return.
To help you better understand the kind of return you can get on remodeling projects, we look at ROI on the projects that homebuyers are looking for in the market today.