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Refinance Home Improvement
 
Home improvements that pay off
Remodeling your kitchen
Remodeling your bathroom
Other good home improvements
Home improvements to avoid
 
 
   

 

Home improvements that pay off
You can get the most return-on-investment by remodeling your kitchen or bathroom. But avoid home improvements that make your home more difficult to sell such as adding a pool or making improvements that are too expensive or fancy.

Ask
Quickerlend refinance experts about which home improvement loan is best for you. In the housing market, some home improvements pay off by increasing your home's value , while others will do little to improve it. In general, updating your kitchen and bathrooms are always smart investments and offer the best home improvement value.

The kitchen is the most important room in the house since it's where much of the family interaction occurs. The average return-on-investment for improvements to the kitchen ranges from about 80 percent to 93 percent with average costs at $15,000 and up. If you don't know where to start, try adding new tile flooring, re-facing old cabinets, and/or updating appliances to new energy efficient models.

Bathroom renovations can yield a return of between 85 percent to 90 percent, with costs starting around $10,000. Adding a new bathroom can return as much as 85 percent, especially if you only have one bathroom to start with. And since it s more difficult to sell a home with only one bathroom, adding a second bath can make your home significantly easier to sell. Some good improvements include installing double sinks, tile floors and new bath fixtures and faucets.

Other good home improvements
Making home improvements can be a big undertaking. Larger improvements could include adding a fireplace, building a deck or patio, or adding a new heating or cooling system. However, you don't have to spend huge bucks to upgrade the look of your home. Smaller, less expensive improvements could include replacing old doors or installing a ceiling fan. Cosmetic improvements can also go a long way in the minds of prospective buyers.

There are some improvements that rarely pay off, such as adding a swimming pool. These improvements are fine if you and your family will enjoy them, but keep in mind that they rarely increase the value of your home. They may even make your home more difficult to sell.

You should also avoid making too many expensive improvements that go beyond what is typically found in your neighborhood. You don't have to cut corners, but owning the most expensive home on your block can be another obstacle when it comes time to sell your home.

One last piece of advice, avoid getting too fancy. Everyone's tastes are different, so choosing colors and materials that appeal to a broader range of people will make it easier when you need to sell.
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