Home Improvement Ideas to Boost Your Home’s Value
Home improvement is a major expense, but the right upgrades can improve your home’s functionality and help it retain its value. It’s important to choose projects that will please you while living in your house but also boost your odds of a return on investment when it comes time to sell. If you’re unsure of which projects will boost your home value, talk to a RamseyTrusted real estate agent. These are top-notch pros in your local area who’ve been vetted to ensure they’ll serve you well.
According to the American Housing Survey, the most common home improvement projects include painting, refinishing wood furniture and laying new tile floors. While you can do some of these projects yourself, it’s best to hire professionals for tasks that require skill such as wiring, plumbing and cutting through walls.
In an unsettling economy, homeowners are splurging on home improvements. Some categories are surging, including deck construction and hiring landscapers to install a fence, Anderson says. He adds that these are good investments because they will make your home more comfortable and attractive while you live there.
Before you start a project, talk to a real estate pro and decide how much you can afford to spend. Don’t go over your budget and put yourself in debt, especially if you plan to sell soon. You can also get a better feel for how your renovation will impact the value of your house by checking out comparable homes in your neighborhood.