For owners who can’t afford to move up to a larger or nicer home, a makeover may offer the perfect solution. But recouping those costs depends on what gets done. Remodeling is an option many homeowners turn to when the housing market experiencing a downturn. Typically, after home sales slide, remodelings climb, but contractors say it’s a mixed bag now. Elite contractors haven’t noticed a change, but industrywide, the numbers are down from the rapid growth of the early 2000s. Tightening consumer credit and financial unease have some homeowners holding back. The recent survey shows that bathroom and kitchen remodelings and additions remain highly valued by buyers. Updated kitchens always provide a certain pride of ownership. Upgrades such as stainless-steel appliances and granite countertops impress even buyers who don’t cook much.
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