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I have a remodeling project I want to do. How do I figure out if it makes financial sense?

In a May 2004 issue of Smart Money, Chris Taylor came up with the greatest phrase: “Upgrade Nation.”

And that’s what we are, buying fancier and fancier homes.

If you’re remodeling, one place to start is to estimate the cost of your project. Go to this estimator site run by HomeTech Information Systems — you can plug in your zip code and your project, and it’ll give you a ballpark figure of what it’s going to cost you.

If you want to know what the payoff is, you might want to look at a “cost vs. value” report — we used to do them at the Post, I think This Old House magazine runs them, and Remodeling certainly does. They will help you drill down below the “kitchens and bathrooms always pay off” rule of thumb.

Happy renovating!

Posted in For Renovators 11 years, 10 months ago at 5:19 pm.

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