OK, I've learned enough reading here and IHB that remodeling is never a good investment. If you spend $50k on remodeling a kitchen you won't be able to sell your house for $50k more, probably less than $25k more.
But what about an addition that adds square feet to your house? In some of the older areas of Irvine, there is room to add a (BK-disapproved) "california room" or a single story house has room for an upstairs addition.
If construction costs are $150-200 /sq foot and sales prices are $400-$500 /sq foot, isn't adding on a good investment?
But what about an addition that adds square feet to your house? In some of the older areas of Irvine, there is room to add a (BK-disapproved) "california room" or a single story house has room for an upstairs addition.
If construction costs are $150-200 /sq foot and sales prices are $400-$500 /sq foot, isn't adding on a good investment?