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Most homeowners are planning to remodel at some point down the road, but not everyone will get their money’s worth in improving home value.
Of all home improvement projects, the most popular are sparkling bathroom overhauls, according to newly released data from the Contractor Growth Network, followed by big-ticket kitchen and basement renovations.
In some cases, homeowners may get that money back when it’s time to sell, but more often, these home renovations rarely bring a great return.
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Overall, homeowners are getting just a 60% return on their renovation investments, according to a separate Cost vs. Value report from Zonda Media, a housing market research and analytics firm.
The projects offering the greatest returns in resale value are not new kitchens and baths, but rather projects