Remodel Cost Estimator
Estimate the cost of your home remodeling project & see how much value it will add
Is My Home Renovation Project a Good Investment? All homeowners will ask this question at one time or another, and the answer really depends on the reason for any given home renovation project. There are basically three options, you are renovating to fix your home repairs and improve the living conditions in your existing home or because you want to sell it and know you can list it for a better price, or you are looking to buy a home and trying to figure out if it’s worth the hassle to buy a particular fixer-upper, as well your total out-of-pocket house price.
If you are making a renovation to improve your own living conditions, your only concern will be about any impact on the sale of your home in the future. In this case there are some basic rules you should follow.
Overall, you won’t go wrong if you invest in your kitchen or bathroom, add rooms, or upgrade the windows or front door. You can easily get an estimate on Kukun’s Renovation Estimator and proceed to calculate your ROR (return on renovation).
If you are renovating because you want to sell your house, we have good news for you. You don’t have to spend a whole lot of money to make it look better and more desirable.
The general rule is make it visually appealing and up to date. Your front door and bathrooms are key. Think about improvements on curb appeal, the entryway/foyer, paint and countertops, which should do the trick. You don’t have to invest in the most expensive materials and you don’t have to do anything foundational in nature. It is all about visual appeal. If you have that, your buyer is going to be impressed. A great real estate agent can help you out, but if you are not ready to talk to one, you can follow these guidelines easily.
You can calculate the cost of any renovations and proceed to calculate the potential listing price by going to Kukun’s Renovation Estimator to estimate your project cost (make sure you use the makeover option), and then you can calculate the ROR. This handy feature is reasonably accurate if you live in a dense area where there is a lot of real estate movement.
If you are buying a home that you will need to sink another sum into to make it a better home for you, then the above advice also applies to you. Make sure your home can be easily sold or rented after any renovations you do. You can use Kukun’s cutting-edge Renovation Estimator to determine your out-of-pocket cost and your potential ROR (return on renovation).
You should think about a scenario where you have multiple potential properties to choose from. In this case, you should consider the potential of the property’s location. More upscale or desirable areas may make more sense from a financial perspective. It’s can be a good idea to invest in towns where you know there a big company will be setting up shop (bringing jobs and new people). You can use Kukun’s ROR calculator to see which area may bring better value for you in the long run.
Consider the following: