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The Bottom Line: Which remodeling projects are paying off in the current economy?

January 28, 2009 05:53 PM EST

views: 96 | comments: 6

This just in from my RealtyTrac.com real estate investment newsletter:

"Which Remodeling Projects Pay Off?

If you’re considering an investment in a foreclosed home, chances are you’ll be facing a number of remodeling projects. The question is, which will offer the best return for your money when you eventually sell the property?

A new survey from Lowe’s improvement chain reveals which projects pay off. And which don’t...."

You can read the results of Lowe's research here, and try you own calculations, here

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Tags: economy, lowes, money correspondent, the bottom line, jennifer d meacham, diy, home improvement, jennifer meacham, realtytrac

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Comments: 6

Teresa A. Jan 28, 2009, 6:06pm EST

I really think this varies greatly depending on where you live.

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Ms. Meacham: Money Maven Jan 28, 2009, 6:15pm EST

That's true Teresa. Angie's List, a contractor's referral service, does its own customer surveys, and the return-on-investment values do vary greatly from one geographical area to the next. The above link however does provide a decent overview, give or take, for consumer use.

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donna h. Jan 28, 2009, 6:15pm EST

It probably does...but to be honest..when I redo my house it isn't for the selling value..it is for me. I never expect to get it back.

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Ms. Meacham: Money Maven Jan 28, 2009, 6:21pm EST

RE: when I redo my house it isn't for the selling value

But it's certainly a plus when the remodel not only addresses your own needs but also increases your eventual bottom line donna.... ; )

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