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3 things to consider before starting a remodel

REThink Real Estate

Q: I am contemplating remodeling my kitchen and was thinking of perhaps including the formal dining room space by opening a wall between the kitchen and dining room. Have you done any research or know of any completed on the significance of doing away with formal dining rooms and its effect on resale value? I know that a lot of newer homes are being built without formal living rooms, as these are not being used as a part of the new family/social dynamics. A: I think you're smart to consider the issue of resale value as you embark on a home remodeling journey, especially one that might impact the floor plan in the way your envisioned kitchen open-up will.Remodeling ROI is tough to prove In terms of the data, studies shows that there aren't many remodeling projects that truly create major return on investment (ROI) for homeowners, in terms of actually generating a "profit," so to speak. That said, it's tough to account for the value of some home upgrades. For inst...