Whether you do it yourself or contract it out isn’t going to make a whole lot of difference if you start down a road of remodeling, which is going to cost you more than it’s worth. So far this year, the average return on investment for remodeling projects is 63%. That’s right, the average project is worth 37% less in home value than the cost of doing the project in the first place. You can get some good advice on picking projects which pay for themselves in this article. But of course, end value isn’t the only reason to do a remodel, and if something is appealing to you, you shouldn’t necessarily avoid it just because the cash ROI isn’t as high as it might be for other projects.
