By Vicki Lankarge, Dan Nahorney
With nervousness over the inventory marketplace operating excessive and residential fairness personal loan charges at an alltime low, american citizens are making an investment of their houses like by no means prior to. final 12 months on my own, shoppers spent a list $123 billion on domestic construction tasks. easy methods to bring up the worth of your house presents sturdy solutions to questions resembling: Is it larger to construct a downstairs rest room or to transform my kitchen? And it offers: * strategies for commanding larger costs and swifter revenues - now and 10 years from now * assistance on which renovations to take a position in and which of them to prevent
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Additional info for How to Increase the Value of Your Home
2 2 RECOUP YOUR REMODELING COSTS At the same time, given today’s rapidly changing job market where people are being moved around the country, you just might want to consider looking at larger homes, those that already have the type of addition you are contemplating. That doesn’t mean you should move, but if you are concerned about how much money you will get out of your home when you eventually sell, moving is an option you should investigate. If you are really settled into your neighborhood, have great neighbors, and the kids have friends living two doors down, then perhaps putting down more permanent roots is the best decision for your family.
Perhaps your neighbor has a 750-squarefoot addition off the back of the house that you can’t see from the road. Or perhaps they just added a $50,000 kitchen and remodeled the entire house. Often it is difficult to tell just by driving or walking by. And what do you do with this research? That’s up to you. If you find that your home is below, or equal to, comparable homes in your neighborhood and town, you might decide to just plow ahead with your home improvement project. If your house is at the top end in your neighborhood, you might want to give it more thought.
Next to floors, a bathroom fan will be your most important purchase. Why? Because if you don’t install one, or you install one that is too small, your investment will be on its way to becoming a detriment to the value of your home, rather than an asset. Have you ever stepped into the tropical rainforest that is a bathroom after any two teenagers in a row have showered in there? Then you know exactly what we’re talking about. The fastest way to reduce the value of your bath is to allow excessive moisture to remain in your bathroom, causing the walls to drip, the cabinets to warp, and the fixtures to pit.
How to Increase the Value of Your Home by Vicki Lankarge, Dan Nahorney