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Monday, September 12, 2011

Remodels may be Better than a Savings Account

It is recommended that you stick to improvements likely to increase your home's resale appeal and value. There is no such thing as a guaranteed return on investment, but some home improvements have a better track record than others. For instance, a basement remodel will recoup 70 % of its cost at resale. Adding a bathroom returns more than 50 %  of your investment, while modernizing a kitchen can bring about 70 % of a return upon selling your home. Tips:

  • Establish a budget
  • Hire a qualified remodeler who is familiar with local building codes
  • Compare products and prices prior to beginning
  • Work with a contract

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