I know it’s conventional wisdom to think that all remodels and renovations add value to properties. This actually isn’t the case.

Did you know, a minor kitchen remodel costs just over $20,000 (average) and only adds around $16,000 to the total value of the home? For a full breakdown of renovation costs/returns, I recommend checking out the article below.

If you plan on staying in your home for a long time, making your space more liveable is a great choice, especially if you can see a nice return on the money you put into it. I just wanted to take a second and share this report with you, and if you have any questions regarding your local real estate market, don’t hesitate to ask!