June 16, 2005

Remodeling For Profit

Looking for an excuse to install that Sub-Zero fridge and Viking range? The RealEstateJournal provides a couple of tips:

First, you should not increase the value of your house to a point where it is the most expensive home in your neighborhood…Second, you should strive to keep your new mortgage debt below 80% of your home's new appraised value.

Well, one out of two isn’t bad.

· Remodeling Projects That Pay Off [RealEstateJournal]
· 2004 Cost vs. Value Report [RemodelingOnline]

First Published: June 16, 2005 9:15 AM

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