brooklyn1004's Profile
- 2006
- 2006
- Brooklyn
- Brooklyn Heights
- Co-op
- Attorney
- Female
- 28
Author's Posts
April 1, 2008
How much return on my renovations?
I own a small (450 sq ft) 1 BR in Brooklyn Heights with a 4'x4' kitchen and a 4'x6' bathroom. Both need to be remodeled, but they are so small that I am hesitant to spend more than I may get in return. Does anyone have any rules of thumb about how much you usually need to spend in order to see a solid return on your investment (for instance if it costs me $8-10k to renovate, will I be able to get $16-20k more for my place?) I realize this is kind of vague, but I have no clue how much is too much or too little for renovation.
Thanks for your help and ideas!!
Author's Comments
Responses to Author's Forum Comments
4' by 4' including cabinets and applicances? I think you are referring to the footprint that you can walk into, unless I am still missing something. How can you fit a refrigerator, sink and a stove into 4' x 4'? Back to back?
Posted by: guest at April 2, 2008 3:19 PM in response to How much return on my renovations?
Thanks for all your suggestions, and yes, it is a 4'x4' kitchen, which looks like it hasn't been updated since the 1970s....
Posted by: brooklyn1004 at April 2, 2008 2:35 PM in response to How much return on my renovations?