In a slowly tanking property market, renovations can be a costly exercise. American magazine Remodelling has just launched its Cost vs Value Report for 2009 to explain which renos add value and recoup their costs. The numbers, unsurprisingly, are sickening, with virtually all renovations costing more than the value they add to the property. So will this mean the end of renovation as we know it? Or are there ways around the gloomy property and renovation news? Read more ...Tuesday, January 13, 2009
NEWS FLASH: Renovations that add value
In a slowly tanking property market, renovations can be a costly exercise. American magazine Remodelling has just launched its Cost vs Value Report for 2009 to explain which renos add value and recoup their costs. The numbers, unsurprisingly, are sickening, with virtually all renovations costing more than the value they add to the property. So will this mean the end of renovation as we know it? Or are there ways around the gloomy property and renovation news? Read more ...
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