I had a bunch of work done after a kitchen fire in my house and it did genuinely cut my electrical bill. It also cost a lot of money and is something I wouldn't have done by choice especially in a rental property.
I purchased a home with a walk-out basement (brick exterior, cinder block foundation, >80% above grade). As it turned out, the prior owners had pulled a fast one and faked their framing with 1x4s and added no insulation. Our monthly power bills ranged from 400-500$ on a 2,000 sqft home.
I spent most of last year gutting the interior of the basement, framing, plumbing, electrical, insulation (R-13 fiberglass batt insulation), Sheetrock, paint, trim, flooring (laminate @ 2$ per sqft). I spent approximately $10k on this project doing the labor myself.
As a result, my bills are now in the 200-250 range. I had the insulation work done by 01/2025 for context. So, perhaps a new efficient water heater? But any serious work is unlikely to be worth the costs.
That puts it roughly at 7.5 year ROI.
How many renters rent a single space for that long? There goes the answer to the article.
It's a great project if it's your forever home, though.
My in-laws, a cost conscious couple, recently had a bathroom remodel. Nothing fancy or Gucci about it. Materials could not have been any more than 10k and reasonably closer to 5k - it was 45k total for the entire job.
I can’t give you an exact man-hours count but it was less than 40 hours of real-time but with 2 or 3 man crews. Let’s ballpark and say 100 man hours.
So you want to gut and finish a basement? That’s far worse than 10k more in my state of South Carolina.
The higher than number goes, the longer the ROI.
Putting in insulation actually has one of the worst ROIs if you outsource the labor.
More recently I had a kitchen fire that mostly involved redoing the kitchen completely but also involved move-out/in, seal/paint, for the rest of the house and some other things that made sense while everything was ripped up--and that probably ended up >$200K. Insurance covered a lot but I also paid quite a bit out of pocket.
Insulation upgrades are heavy remodel jobs: Opening the walls requires people to leave the space for the duration of the job. Even if you can stack contractors back to back perfectly it's still a lot of time and displacement.
These things usually happen between renters when the space is vacant. In larger units you can some times shuffle renters between similar spaces but it's a huge pain and they usually don't want to do it.
It's rare to have a kitchen appliance that requires a specialized space that you have to build the kitchen around. Unless you're dealing with odd very high end appliances, a skilled installer can almost always find something from the local home store that fits into the old space.
(Source: Time spent in construction and renovation)
And the over-the-range microwave is what caused the fire in the middle of the night in the first place while I was sleeping.
Dishwashers are pretty standard as are stovetop widths although I decided to shift to a range from my prior double ovens and cooktop.
Any idea of the specific failure mode?
> I got cabinet above fridge taken out because fridges have basically gotten taller.
You're right that refrigerator heights aren't standardized but you must have had a really short space if nothing at all would fit.
Installations are typically supposed to leave some additional clearance for the heat to escape from behind, although some builders will try to tightly integrate them for a different look. (High end and commercial refrigerators are designed to actively exhaust and don't have the same limitations)
(Suspect changes in energy regs would have made what I had difficult to accommodate.)
The best time to plant a tree was ten years ago. The second best time is now.
The two I really can’t do on my own that I absolutely would are replace the windows and put in solar.
As for solar. If you have the budget and the disaster preparedness for it, there are some camping grade solar + battery systems that aren't house-grade, but great for power outages. The systems range from small (affordable), to the 1000 Plus, consisting of a battery with 1264Wh capacity and 120 v inverter, along with 200W of solar panels. That one'll run. you $1,500.
I do have a pretty big bluetti and a couple panels for it - I also grabbed an RV fridge for storing food. Naturally, the capitalist gods smiled upon my financial offering and have blessed me with steady power since then.
Every little repair and upgrade I've made has been more than worthwhile, and I only wish I had made more.
Though, a friend in a nicer place went and made a deal with his landlord, for landlord to pay for only materials for substantial DIY renovation friend would do. Suddenly, his apartment had higher market value...
[1] Unless landlord participates in RealPage/YieldStar, and is pushed to illegal price-fixing.
It was noticeably reduced when I took the time to 3M wrap all my windows one winter, but I didn't want to do it again.