Contact Us   Home    
$300,000 Loan for as Low as $800/month
No Background Check or Obligations
Mortgage Rates Starting at 2.75%
   
     
Home Improvements That Pay Off
 
Home Improvements That Pay Off
Don't overdo it
 
 
   

 

Home Improvements That Pay Off
Improvements made to the kitchen or bathrooms are improvements that pay off the most. When decorating, don't get too fancy or bold-it may make your home more difficult to sell. One of the best things that you can do with your home equity is use it to reinvest in your home. This can truly be a "win win" situation: You enjoy the benefit of an improved living space, and increase your home's value at the same time.

However, not every project will increase the resale value of your home, and some projects give a better return on investment (ROI) than others. Be sure to choose wisely when making home improvements, especially if your goal is to increase the value of your home. Here's how Remodeling Magazine rates home improvement projects in terms of one year return on investment:

Project   ROI     Average Price Tag  
Minor kitchen remodel (painting, repairs, etc.) 88% $8,655
Second story addition 83% $73,553
Bathroom remodel 81% $9,135
Bathroom addition 81% $13,918
Family room addition 75% $30,960
Major kitchen remodel (new floors, new cabinets, etc.)   71% $31,090
Deck 55% $8,022

As you can see, remodeling your kitchen and bathrooms are probably the best home improvements you can make to increase your home's value and generate a solid ROI. Our experts at
Quickerlend can provide you with more information on this.

It's always best to make home improvements for you, not for your home's value. After all, you are the one who will enjoy the improvements while you live in the home. However, if you are making home improvements to increase your home's resale value, here are a few things to consider:

  • Don't make home improvements that are "over the top" in relation to your neighbors homes. If you do, it may be harder to recover the costs of these improvements when you sell.


  • Choosing more expensive flooring or fixtures will not necessarily increase your home's value when you sell the home. In fact, it may make it more difficult to sell.


  • If you have eclectic tastes, what you like won't necessarily appeal to mainstream home buyers.


  • Bold colors and eccentric looking improvements may turn them off to your home. If you are thinking of selling your home in the next few years, consider a more neutral look.

 
Follow Us
Home
Contact Us
Privacy Policy
©2010-2015 Quickerlend.com. All Rights Reserved.