Consumer Watch: Remodeling your home, getting the biggest return

WHAS11.com

Posted on February 1, 2012 at 4:41 PM

Updated yesterday at 4:43 PM

(WHAS11) -- Updating or remodeling inside of our homes can be a big undertaking.

And when it's done right it can earn you up to 85 percent return on your investment. But how do you know what's right?

Thinking big is not always the best way to maximize your investment. In fact a major overhaul is not always a smart idea. Sometimes focusing on countertops or cabinetry is all you need. And if you're looking for a return start in the kitchen and bathroom.

Officials say those two rooms can get you the best return for the money you put into them.
 
Keeping up with the Jones's is important, outspending them is foolish. Angie Hicks from Angie's list says you should start with a budget and a plan.

Parts of the home you can remodel for a high return on investment:
1. Kitchen and baths
2. Decks
3. Siding
4. Windows

And believe it or not, in a down economy with a depressed housing market now is a great time to upgrade.

Angie’s List says the projects with the lowest return on investment are:
1. Pools
2. A home office
3. A sun room
4. Master suites
5. And adding a third bay to the garage.

And no matter what the job finding the right contractor is the key. Just make sure to negotiate.
 

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Consumer Watch: Remodeling your home, getting the biggest return