qclabrat
Well-Known Member
I'm working on a project for school and doing a paper on home improvement. There's lots of estimates on how much to spend on renovations and the numbers I see seem on the high side. An easy calculator is based on the value of your home. Assuming a $500K home, is this what the average homeowner is spending?
- kitchen 15% = $75K
- master bath 10% = $50K
- bathrooms 5% = $25K
- finished basement 10% = $50K
- deck/patio 5% = $25K
These alone are about half of the value of the house. Based of the flat value of many homes in NJ, how do homeowners recoup on these expenditures even if DIY? Guess that's why it's called a money pit...
- kitchen 15% = $75K
- master bath 10% = $50K
- bathrooms 5% = $25K
- finished basement 10% = $50K
- deck/patio 5% = $25K
These alone are about half of the value of the house. Based of the flat value of many homes in NJ, how do homeowners recoup on these expenditures even if DIY? Guess that's why it's called a money pit...