Thursday, April 06, 2006

Are You Planning a New Bathroom?

You know that you have to carry out certain improvements before you put your house up for sale, but do you know what rate of return you are likely to get on those remodeling investments? Remodeling magazine publishes an annual survey detailing how much money homeowners in different parts of the country can expect to recover from renovation investments.

It seems that the best value improvements are a mid-range bathroom remodel or a high-end siding replacement. On average you are likely to get just over 100% of your money back on a sale. But this does vary in different parts of the country. So the advice is do some research before you splash out on that new sauna or home gym!

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