Thursday, February 28, 2008
Home Improvement
Are you planning on selling your home but first want to install granite countertops or remodel a bathroom? According to this article that's appearing today on CNNMoney.com, people are getting a lower return than before on home improvement projects... especially on interior projects. You might do better on some exterior home projects to improve your house's curb appeal.
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8 comments:
So true, when home prices are flat or falling the financial benefit of remodeling suffers the same fate.
But 2 important things to consider, first is what is your goal? to maximize your investment in your home or make your home a nicer place to live? If it is the latter, then move ahead with your remodel.
Second is what are you planning to remodel and why. If you are remodeling a bathroom that was remodeled 5 years ago and is in very good condition, your investment will likely have little or no return. But if you live in a 1 bathroom home and all the homes in your neighborhood have 2 bathrooms - adding a 2nd bathroom that is not too extravagant will likely give you a very good return on your investment - maybe even 100% or more in the right situation. For more detailed analysis of remodeling costs and payback try the website www.remodelormove.com.
So dont give up if you want to remodel - just consider your goals and your options and make and informed decision.
"So dont give up if you want to remodel - just consider your goals and your options and make and informed decision."
very well said.
Here's one of my favorite home remodeling tips that's easy to forget: Be sure that your painter saves you some paint in the cans for touch-ups and duplication later.
Whether you just moved into a new home or you find yourself trying to spruce up the house you’ve lived in for years, making some simple repairs to the deck can give a big boost to your living space. Aesthetic issues aside, safety is another reason to make sure that our wooden porch structure is free from damage or excessive wear.
If the windows are rotted or nasty, REPLACE THEM. This is not a frivolous want, it is a need, especially as winter approaches (no, I do not sell replacement windows :)
I do agree with you Eric.Thanks.
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I see this happen very regularly in the hardwood flooring space. I do have a few clients that want the most expensive product and they end up spending thousands of dollars on the materials alone. They could have simply refinished the floors and they will look like new. Refinishing is the cheapest way in my opinion to get pretty good return on investment. If it looks new, then it won't matter as much.
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