Maybe we should be asking what is this remodeling project going to cost me if I don't do it and move instead? Here's how to do it: You can use the internet suggested value for your home and add the anticipated project investment amount. Take into account what your finished home will feature, and then you can search the internet for similar homes for sale in the same zip code to see what is available in comparison to the adjusted value investment you calculate. In addition to this, add the estimated costs for moving: realtor and legal fees, moving of contents, probably new furniture and decorating. Then consider the the unknowns of a new neighborhood and neighbors. Also, consider the best economic indicator is existing home sales: most people do a substantial home remodeling project within 12 months of moving into a new (to you) house.