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7 Home Renovations You Shouldn’t Waste Your Money On – GOBankingRates

A kitchen remodel is the home renovation project that offers the largest return on investment, said Dustin Fox, a realtor and owner of the Fox Homes Team, a group serving Virginia, Washington, D.C., Maryland and West Virginia. When…….

A kitchen remodel is the home renovation project that offers the largest return on investment, said Dustin Fox, a realtor and owner of the Fox Homes Team, a group serving Virginia, Washington, D.C., Maryland and West Virginia. When the renovation is done correctly, it can return 100% of the investment.

However, he said there are limits to the amount you should spend.

“Updating a kitchen to a luxury level is not a good investment policy,” he said. “If the kitchen upgrade costs more than $135,000, then the ROI rate comes to the 54% average.”

Ultimately, he said if the update isn’t efficient, it’s not worth it.

Source: https://www.gobankingrates.com/saving-money/home/home-renovations-you-shouldnt-waste-your-money-on/

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