
A lot of people ask me if it’s a good time to remodel and if they do, will they get their money back. At a time when real estate values are in flux, these are very legitimate questions.
At the risk of sounding like a politician, the answer is almost always “it depends”. If someone is planning to sell in the relatively near future, I usually don’t recommend spending a lot of money on remodeling.
Paint and floor coverings – maybe, but I’d be careful beyond that. Fact is, you may do something a prospective buyer doesn’t like and isn’t willing to pay for. In today’s market buyers are very likely to make a low offer anyway so recouping remodeling dollars is challenging at best. [...]

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