Saturday, October 31, 2009

Remodeling? It's a waste of money

Posted by: Lily Mei

By Liz Pulliam Weston
MSN Money

There could be one upside to the real-estate implosion. Plunging prices finally could shatter our national delusion that home improvements are somehow an "investment" in our homes.

Think about it:

* With a real investment, you commit your money and hope to make some kind of profit.
* With remodeling, you're all but guaranteed a loss.

Even at the real-estate market's peak, most remodeling projects didn't pay for themselves.

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  1. Though remodeling may be a loss in money it is just a possibility not an assurance. Wouldn't you want to live in a house how you want to and a safer house?

  2. Great Post! I find your blog very helpful for real estate and I am sure others do as well. Keep up the good work!

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