Tuesday, 14 October 2014

What is a Good Investment in your Home?

You want to invest in your home wisely. So how do you decide where to put your money?
Knowing which improvements give a higher return can help boost your home’s value and save you time and
money.
Here’s a quick look at how you could prioritize projects around your home. Address the small stuff  if your home is plagued with many minor issues that is usually considered less desirable and harder to sell. Such as  dripping faucets, running toilets, torn vinyl flooring and damaged carpet instantly make a bad impression on
buyers. Put your money into those first and use what’s left to make larger improvements.

Boost curb appeal - It comes as no surprise that exterior home improvement projects rank as the most cost effective, according to Remodeling Magazine’s 2014 Cost vs Value Report. It ranks projects based on their cost and how much money they recoup after selling.

96 percent – Replace a wooden front door with a steel security door
87 percent – Add a new deck
78 percent – Replace siding
78 percent – Install a new garage door
78 percent – Install new windows
84 percent – Convert an attic to a bed and bath
82 percent – Minor kitchen remodel
77 percent – Basement renovation

If you are thinking of selling down the road these will give you the best return on your investment.

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