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Is it worth remodeling an old home?

Thumbtack Editors
Answered

It depends on the home’s condition and what you plan to do with it. For example, if you plan to live in the home for a long time, performing renovations could make the home more livable and enjoyable. If your intention is to resell it, it might be worth the time, money and effort. Old homes typically cost less than new ones, giving you a built-in budget to perform the renovations. The home’s unique character might even provide a significant boost in value once the renovations have brought the rest of it up to date.

However, you need to conduct research to fully answer this question. Figure out how much it will cost to remodel the old home and decide if the return on investment is enough for you.

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