Build a Bigger Grarage or Sell a couple cars ?

[Unreal]

Originally Posted by ChimChim

Improving your home is usually a solid investment but remember garages don't sell homes, kitchens, baths and bedrooms do so take in the full picture of your real estate investment for other improvements not just the garage.


C

I'm not so sure about the first part of the statement, historically, the ROI on most home improvements is negative. Generally, kitchens and baths are better investments than other home improvement projects, but still negative.

I do agree that strategic home improvements will help sell the house quicker, and for more money, but it's doubtful you will recover 100% of your investment.

Of course, with today's runaway housing values, and today's runaway building materials costs, who knows which one is outpacing the other.