Q&A: 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 …