To find a contractor now, call toll-free: 1-877-906-7029
Home Improvement Projects
Remodeling Financing Security Rooms Projects
Pools Lawns Satellite Pest Control
HIP Home > Financing > Return on Investment >

Which repairs pay off

When it's worth it

Home improvements are on the rise, but if you're about to sell your house, they're not always economically recommended. Depending on the task, certain jobs can be inexpensive but a larger number can get quite costly. When selling, then, it's important to find out which improvements are likely to return their investment before undertaking any new endeavors.


Compare Home Equity Loan offers from up to 4 competing lenders. You get a better loan to improve your home - when lenders compete.

MoneyNest.com is a free service that matches borrowers with lenders. Refinance your mortgage, get a second mortgage, consolidate debts, get a home equity line of credit, or a home improvement loan.


The two most trafficked rooms in your house

From a buyer's point of view, the two most important rooms in your house are the kitchen and the bathroom, in that order. Having both rooms completely functional should be your top priority. If you're considering major remodeling, these rooms are most likely to pay back their costs; however, this is only if the work is moderately priced. Both types of renovation can rapidly escalate in cost, so it's essential to maintain a firm grip on your budget when doing so.

When appearances count

After kitchen and bathroom remodels, the improvements that are most likely to return their investment are cosmetic in nature. Repainting the exterior of your house as well as cleaning up the landscaping will improve your curb appeal; prompting people get out of their car and view your home. Inside, neutralizing distinct color schemes by stripping wallpaper and repainting can be an inexpensive improvement that can be easily returned when you sell your house.

Be conservative

Don't go overboard, though. Any improvement you make should be consistent with other homes in your neighborhood. An elaborate addition or change in a modest area will not pay back its cost because buyers able to pay the extra amount will likely search in more expensive neighborhoods for something comparable. Be smart about what you do. Invest only what is necessary, and you'll be much happier in the long run.
Article Tools

Advertisement
MoneyNest













Advertisement
Guide To Lender


HipForum




bar  
bar