Nice piece in the WSJ last week about remodeling trends.
Here's a snippet:
Smaller projects like updating kitchens and baths and humble attic-bedroom conversions are more popular, while two-story master suites and $100,000 kitchen blowouts are decidedly out of fashion. One of the most cost-effective improvements, say contractors, is removing a wall to create an open kitchen-dining area.
--"The New Rules of Remodeling"; The Wall Street Journal (4/24/2010)
The only thing I'd add is that changing a home's footprint (foundation, roof line, and exterior walls) raises the difficulty factor -- and cost -- exponentially.
I've long espoused a real estate equivalent to medicine's Hippocratic Oath: 'first, do no harm.'
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