How do you decide if a renovation is about personal fulfillment or financial return on investment?
To me I feel like it depends on what the building is serving as if it is an hotel or a school then you know it return on investments but your home you know it personal
If your home makes you happy, that’s personal fulfillment. If it increases the home’s value, that’s an investment. Most home upgrades fall somewhere in between. A kitchen touch-up might be half and half, a fancy bathroom is mostly for you, and energy-efficient upgrades are mostly for return on investment.
Depends on your choice tho
The rate of the expenses and some other factors like, buying cheap materials
Its your choice
If you plan to place the house for sale then renovation should be about Financial ROI
But if you are keeping it for your own use then it should be about personal fulfillment
Renovations should either make you love your space or boost its value sometimes both.
Yes home is really personal no matter what the outcome maybe
Financial return of investment
Brilliantly said…
This is wonderful mate
Wow, that’s a really good one Curtis
Yeahhhh… Well I guess it is.
Okayyy these are also good points to consider