Q&A #3: Can I recoup the investment on my renovation project?

Unlike flipping a house, which is evaluated purely by investment and return, renovating a home can not be judged solely by how much the property value increases. For example, in Remodeling Magazine’s “Cost vs. Value Report 2020”, the average ROI on a minor kitchen remodel in Virginia Beach is 58.6% (81.1% for the national average), and on a major kitchen …

Q&A #2: Should I renovate or rebuild?

We usually get this question when a client really likes the location of the house, but not happy with the actual building itself. The costs of a major renovation might be closer to building a new house from scratch. In that case, should you renovate or rebuild? The answer is that “it depends”. There are many factors at play. The …