Lake Forest Homeowner asks where to put her remodeling dollers for the most value

Mary W. in Lake Forest, California asked me to come by and help her determine what areas in her home she should remodel to add value to her home. – This article is for you, Mary: A study by Remodeling magazine found the average rate of return on value for an upgrade in a home declined from 87 percent in 2005 to 64 percent in 2009.  Taking that into consideration, many real estate experts recommend homeowners remodel instead of adding on to their home.  For example, having a large, formal living room and an everyday family room is less desirable than having one multi-use common space.  So, rather than adding on, most homeowners are better served reconfiguring the existing floor plan or capturing unused basement or attic space.  For the whole article, click below:

.http://www.remodeling.hw.net/remodeling-market-data/about-the-200910-cost-vs-value-report.aspx

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