Today, we’re starting a new occasional column called Getting Real About Renovations. We’re going to look at renovation realities for all sorts of projects, from hardwood floors and open floorplans, to master suite additions and kitchen upgrades. We’ll give you the unadulterated truth about options, costs, effort, Realtor opinion, and estimated ROI for these projects.
Americans can’t get enough about home improvements, from reality TV shows to demand for renovations in properties on the market at all price points. In the first ten months of October 2015 alone, Americans spent $326.1 billion on remodeling their homes, according to a recent report from the National Association of Realtors (NAR), the 2015 Remodeling Impact Report.
Many homeowners wonder which will bring them the most happiness and get the best return on investment (ROI) should they sell in the future (or if they’re flipping a property!).
We’re starting this series by looking at hardwood floors in all their forms: engineered, solid wood, and reclaimed wood floors, as well as refinishing existing floors.
So are they worth the investment? In a word, absolutely.