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[quote=Anonymous][quote=Anonymous]Non realtor here, just another homeowner. You never get back what you put in, ever. If you're doing this renovation just to sell your home, don't do it. Just adjust your price to reflect the current condition of the home. Most buyers in this area want to put their own stamp on their home and choose the materials they like. [/quote]

Yeah I don't understand what people mean when they ask whether they're "get back" their money on a renovation. It seems like they don't even know what they're talking about? A coworker pointed out how they sold their house for 250K more than they bought it for, 10 years after they did a 200K renovation. Don't seem to realize that they could invest that money and make interest off of it, that 200K 10 years ago had much more value than 200K now, that their equity was "invested" in growing house value rather than being invested somewhere else, that homes have other maintenance costs that aren't reflected in resale, etc etc.

OP, don't do it for the increased value. Due it for your own use.  And please, dear god, don't talk to a realtor about this as they feed into the confusion about "getting back" money from a renovation through resale.  Only minor cosmetic upgrades and standard maintenance matter for that.[/quote]

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