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Home Renovations in Minnesota Cost More, Deliver Inferior Returns

In June, American Experiment released a groundbreaking new report taking a look at the lack of affordable housing in Minnesota. One of the findings of that report found that government regulations were pushing up the price of housing. An annual report on the value of home remodeling called the Cost Vs Value Report appears to corroborate these findings of the report: Minnesotans pay more for less. The report is interesting for a number of reasons. It shows that kitchen and bathroom remodeling projects have low returns on investment nationally, but this is especially true in Minnesota, where jobs costs are higher...

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