January 21st, 2018 8:08 AM by Jackie A. Graves, President
It’s easy and fun to plan home improvements,
but not all projects have the same impact on your home’s value, so you must
plan carefully. Here’s a summary of how to get the most bang for your
buck, as well as notes on how to pay for home improvements.
year, Remodeling Magazine compares national average costs for popular
remodeling projects with the value those projects retain when the homes sell.
Each year this cost vs. value analysis turns
up similar trends on which projects deliver the most return on investment
are just a few examples of projects, and use national averages for mid-range
homes. These numbers change based on region and city, as well as mid-range
versus upscale homes.
these generalized figures demonstrate, few individual home improvement
projects recoup their full cost as a standalone item. But you can find a local real estate agent — or ask
the agent you used to buy your home — to tell you how the improvements you’re
thinking about making might impact the overall value of your home.
can plan home improvement
projects by category, and price each element of the job
including materials and labor on a line-item basis.
when you’re ready to take action, you can also find
a home improvement pro to formally bid the job for you.
you’ve determined that your project’s ROI is suitable and you’re going to
move forward with it, the most common ways to finance home improvements
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