Many people think that fixing a house is a sure way to make money. Yet, homeowners are often disappointed when they discover that their renovations didn't add as much to the market value of their home as they thought they would. There are several factors that determine whether a remodeling project will be profitable. One is that renovation costs and the market value of those renovations vary from one part of the country to the next. For example, it costs less to replace windows with new, high-end, dual pane windows in the Midwest than it does in the West. But, the homeowner who lives in the West is likely to recoup more than 100 percent of what he invested, while the Midwesterner will probably recoup only about 84 percent, according to the annual 2005 Cost Versus Value Report published ea...
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