Thinking of Doing the Rehab Yourself? Think Again…
Most improvements homeowners undertake on their homes do not earn them money when they sell. In fact, homeowners typically do not recoup the full cost of the improvement in the sale of the home. Landscaping is the only home improvement that consistently recoups more than 100% of the cost in resale. As compiled in the Remodeling 2021 Cost Vs. Value Report from Hanley Wood, LLC (https://www.remodeling.hw.net/cost-vs-value/2021/east-north-central/detroitmi/48098/), the average costs and resale values for the following 5 common improvement and renovation projects for the East North Central region of the United States, which includes the state of Michigan, are:
