In today’s hottest housing markets, springing for a kitchen or bathroom remodel is a surefire way to score a return on your investment, often returning 100 percent of the cost. According to a recent study, San Diego, Chicago, Atlanta and San Francisco are just a few of the cities that offer triple-digit returns on a bathroom remodel. Minor kitchen remodels, with an average cost of $15,000 also provided returns of 100 percent or greater in many of these markets.
Kitchens and bathrooms are areas in a home where money spent on remodeling can be the most obvious and appreciated, as we tend to spend much of our time in these rooms.
The first step in a remodeling project is to establish a realistic budget and actively manage it. Preparing for a remodeling project is similar to buying a new car; you may know the make and model of the one you want, however adding options may increase the price.
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