No. of Recommendations: 2
Most home improvement projects (other than cosmetic "staging" at the time of sale) lack any measurable payback.

There are a few home improvements that have a >100% payoff of the expense:
-Your kitchen is from the era of disco and stagflation, and you update it
-All the homes in your area have two bathrooms and you have one, so you add a bathroom
-*Maybe* adding a deck, if you do the right kind for your house and neighborhood
-Correcting something that's the single thing that's seriously wrong with your house

Everything else is a money sink, so you'd better be getting some enjoyment out of it because you're not getting all your money back.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
Live Video Event Monday!
The GP team is hosting a live video event on Monday at 4 p.m. ET. Don't worry if you can't make it — we'll have a replay and a transcript. Click for more!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement