How much will a remodel help my homes value.?
My home is in Menasha WI. When I bought it 2 months ago It was appraised at $125,000. I recently did a complete remodel of the downstairs bathroom as well as the kitchen. The old bathroom was very old and nasty and had a cinder block shower. Now it has a nice, large, tile, two person shower and a large two mirror vanity. The kitchen had a linoleum floor and the design was poorly layed out. I opened it up with a nicer design, all new Appliances, a island, and a tile floor. Basically a top to bottom remodel of both the bathroom and kitchen. Does any appraiser on here or someone who really knows what they are doing give me an vague idea of what I will have gained from doing this?
P.S. all the labor was done by me and most of the cabinets and fixtures were bought through my work, so I was able to get our “cost” on them. I have roughly $5,000 into the bathroom and $6,500 into the kitchen.
Thanks!
since home prices are FALLING still, put not one more dime into
your home; you will not see it increasing your home’s value for
1-3 yrs.
sorry