Quiz: test your home improvement smarts

On the show

Jean Chatzky TODAY

10 hours ago

Homeowners spent $130 billion on remodeling last year -- the largest amount since 2007 -- and we're still opening our wallets. Harvards Joint Center for Housing Studies expects double-digit gains in this spending category through the remainder of this year.

According to the annualCost vs. Value report from Remodeling.com, when you sell your home, youre likely to get back as much as 97% of the money you spent (back) on some improvements -- but only around 50% on others.

To put that in perspective, it means if you spend $25,000 on a project, you could see as much as $24,250 but also as little as $12,500, in your sale price.

That argues for spending your remodeling dollars carefully. It's tricky business. So test your home improvement smarts now in our quiz, then tune into our 9 a.m. hour on Friday to learn even more!

Follow this link:
Quiz: test your home improvement smarts