Whether, and How, to Remodel

Peter Coy

I get steamed every time I hear someone say that remodeling pays for itself.


In a booming market it might look like the remodeling is paying for itself, but in fact you're just getting the benefit of the general rise in prices. You could spill a gallon of milk on the kitchen floor and it would look like the spill was paying for itself, if you get my drift.
The truth is that remodeling is expensive as well as disruptive. It can be like a bomb going off. (Which is why I selected this NASA illustration of a giant asteroid hitting the Earth. It's what NASA calls "coastline remodeling.")
Does remodeling pay for itself? Instead of asking your local builder, who will say yes, yes, yes, check with an appraiser.

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