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Many comment that renovations do not pay for themselves. Here's one clip from the web.
According to Hanley-Wood LLC's 2004 Cost vs. Value Report, homeowners recouped:
85 percent of the cost of an upscale bathroom addition when they sold their homes, and 90 percent of a more modest one.
80 percent of the cost of an upscale kitchen renovation, and almost 79 percent of a more modest one.
76 percent of the cost of a basement remodel (including large entertainment area, full bath and one additional bedroom-sized room).
about 77 percent of an upscale master bedroom suite, and 80 of a more modest one
86 percent of a deck addition
Personally I like landscaping and puttering around the house, oportunistically upgrading and fixing things when I can get raw materials cheap. If I was stresseed and/or in a rush I would get out quickly if affordable.
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Tim
1972 911e
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