Renovations can play a big part in the value of your home. In fact, almost 80 percent of sellers in the U.S. do at least one renovation before their house goes on the market. But, sellers, beware: Renovations do not always add value to a homes appraisal. Heres how to distinguish the smart investments from the costly vanity projects.

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Renovations can play a big part in the value of your home. In fact, almost 80 percent of sellers in the U.S. do at least one renovation before their house goes on the market. But, sellers, beware: Renovations do not always add value to a home’s appraisal. Here’s how to distinguish the smart investments from the costly vanity projects. 

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U.S. homeowners spend around $400B a year on renovations and repairs, but while house prices continue to rise, returns on renovations are shrinking. That’s largely because the cost of labor and materials is steadily increasing. According to the benchmark report from [...]