That is a very frequent question I get when potential clients are contemplating remodeling there home. I typically recommend considering cost vs. value but also encourage people to think more personally about their remodel. Do you plan on staying in your home indefinitely Have you been waiting a long time to do this remodel? Once it is complete, will this be the home you plan on spending the rest of your days in?
If you answered yes to any or all of these, I would highly recommend weighing your personal desires equally or greater than cost vs resale value data. Only you can answer the personal questions, and here is a resource that can help guide with the statistical data as compiled in the Remodeling 2012–13 Cost vs. Value Report (www.costvsvalue.com).