Are you considering a bathroom remodel or an expansion of your primary suite? Before you embark on these projects, it's crucial to consider several key factors:
1. Cost vs. Quality of Life Enhancement: Assess how the investment in renovation will enhance your daily living experience. Is the improvement worth the expense in terms of comfort and convenience?
2. Impact on Home's Market Value: Consider how the renovation could potentially increase the value of your home. This is especially important if you plan to sell in the near future.
Deciding whether a remodel is worthwhile is ultimately a personal choice. While financial returns are important, many homeowners pursue renovations for their own enjoyment and satisfaction. Keep in mind that home improvements can be expensive and may disrupt your daily routine, especially if you work from home. Depending on the scope of the renovation, temporary relocation might be necessary.
These considerations are not meant to discourage you but to ensure they are part of your planning process. Below, we provide a list of average renovation costs in our region, along with Return on Investment (ROI) figures, which indicate the percentage of cost recouped upon selling your home. These figures are sourced from Remodeling magazine's annual Cost vs. Value report. For information on more remodeling costs vs cost recouped, go here. My clients often reach out before embarking on a home improvement project to ascertain value. I am always here, so please feel free to reach out.
City Job Costs
City Resale Value
City Cost Recouped
City/Region Comparison
City/National Comparison
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