Example of a replacement project which will help you save money. |
Real estate writer Ilyce Glink offers tips for getting
the most of your home improvement efforts in her article, “Make the Most of Your Home Improvement Projects” on the Equifax Finance blog.
Homeowners too often don’t think about the real bang for
their buck that they will get out of a home improvement project. But, like any
other major expense, you have to think about return on investment. You may
think certain upgrades are a must-have, but when the time comes to sell your
home, will buyers be willing to pay more for that upgrade?
Building an impressive bathroom or kitchen may not pay
off as much as replacement projects will – replacing roofing, siding, windows,
etc. To get a home in “selling shape” the best upgrades are often cabinet
refurbishing, new countertops, paint, bright lighting and a clean floor. The
experts say avoid luxury upgrades and focus on your market – if you live in an
area where outdoor living spaces are hot, add a deck instead of overhauling
your kitchen.