Best Remodeling Investments – Kitchens Are HOT!

Posted on May 3, 2007 by | 0 Comments

An EzineArticle by Teri Eckholm.

Considering remodeling your current home but are concerned that the investment might outweigh the value added to your home? If you are considering a kitchen remodel, it could be an excellent investment.

Kitchens are hot! I always tell my clients considering putting their homes on the market, that kitchens and bathrooms sell homes. A recent report from National Association of Realtors (NAR) agrees. In late December, the NAR released the 2005 Cost VS Value Report for home remodels. This study looked at cost data, resale value and percentage recouped for 18 different projects in 58 housing markets across the United States. With major, mid-range kitchen remodel, a homeowner can expect to recoup almost all of their expenses with an average 92 percent return on investment. This is up from 66 percent in a similar study in 2002.

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