Major home remodel may not pay off
With credit crunch, some homeowners choosing to sell instead
By Dian Hymer, Sunday, March 30, 2008.Several years ago, if your home no longer suited your needs, you bought another one that worked better. Generally, listings sold quickly, so many homeowners bought first and then sold the old home. Today's challenging residential real estate market makes this process more risky. For some homeowners, it's impossible due to tight credit markets.
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