At LivCo, we ask all of our potential clients why they are considering remodeling instead of moving? We also ask them to rank how they value the budget of their project:
(a) Improvements must appraise out,
(b) We are focused on investing in our quality of life through our home
(c) we want improved quality of life, but want to stay close and consider the relative property values of the neighborhood
More often than not, "C" is number one. Our clients are looking for improvements that help them enjoy their daily activities in their home with their families, but they look to us to help them make informed value judgements on where to best spend their money in their home.
We also use Remodeling Magazine's Cost vs. Value Report to help our clients understand the expected costs of specific scopes of work so that we can best master plan their project with their budget in mind. FORBES Magazine reviewed the Cost vs. Value and offers some sage advice:
FORBES: What To Consider For Best ROI On Your Home Remodel Project