Asbestos info- Remodeling returns 90% or less on investment after home sale

Many people remodel (perhaps to eliminate asbestos) prior to selling a home, thinking they’ll make money. Ironically, most homeowners would be better off keeping their cash in the bank. The average remodeling project—even a kitchen or bath—typically returns 90% or less on the original investment.

Your house may garner a higher price, but not enough to offset the project costs. In other words, you may take on the work and expense of a remodel, only to lose money in the process.

Generally, you’ll realize a better return on smaller, lower-cost projects. Do-it-yourself improvements can also increase your return on investment, but require time and skill to avoid “remuddling” your property.

A speculative remodeling project may not match the new owner’s tastes. This could result in further remodeling, wasting both money and resources. If you’re intent on sprucing up your home before you sell, a new coat of paint may do the trick.

Courtesy of http://www.ecy.wa.gov/pubs/0704017.pdf

Other helpful links:

Asbestos
Asbestos and lung cancer
Mesothelioma attorney
Mesothelioma lawyer
Asbestos attorney