Monday, October 09, 2006
Return On Investment
Below is an interesting piece from Kiplinger:
What's the Payoff for Remodeling?
With luck, you could recover 86% or more of your cost.
Remodeling projects are enticing investments. You get to play the Iron Chef in a new, modern kitchen or pamper yourself in a spa-style bathroom, then recoup your money when you sell your house. In fact, anticipating that payback is often a driving force in convincing yourself—or your spouse—that a project is worth the money. But how much return can you count on?