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Renovations that Yield the Best Return on Investment


Renovations that Yield the Best Return on Investment

POSTED BY administrator on Oct 27 under kitchen

Renovations that Yield the Best Return on Investment
News from U.S. News & World Report:

Will this renovation pay off? That’s the question on the mind of every homeowner who’s thinking about undertaking a project to bolster their home’s resale value. And in today’s tight housing market, the answer to that question may even determine whether the house will sell.

Fortunately for homeowners, a number of remodeling projects offer the potential for a high return on investment (ROI). According to Remodeling magazine’s annual cost vs. value report, some of the best renovations are those done on the exterior of the home—siding, window, and door replacements—because they immediately improve a home’s curb appeal. In other words, if the paint on your front door is peeling or the sidewalk is badly cracked, you’re not making a good first impression—and that can make prospective buyers question how much you’ve put into maintaining the home’s interior. Even simple fixes, like pulling weeds and trimming unkempt shrubbery, can make a home more inviting.</…………… continues on U.S. News & World Report

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Related News:

How to Keep the Lid on Spending When Remodeling Your Kitchen
News from Fox Business:

When it comes to upgrading a home, most homeowners start with the kitchen, since it can provide a hefty increase to the re-sale value. Experts advise before even looking at redesign issues, consumers need to create a budget and stick to it…which is the hard part.

Ask most homeowners standing in a recently-renovated kitchen, and they will share the trials and tribulations of staying within budget and on schedule. But that doesn’t have to be you, here are four rules that will keep the project affordable and get you back cooking in no time.

Think Long and Hard

A kitchen remodel isn’t the same as painting a room or putting carpet down—it’s expensive and you should plan to work and live in that kitchen for many years to come. That’s why Dan Fritschen, founder of Remodelormove.com, advises thinking the project through thoroughly .

“Redoing a kitchen is not something I’d advise doing on a whim,” he says. “Not only do kitchens cost more than any other type of room to build or remodel, they also typically take the most time to complete and can totally disrupt a family’s sense of comfort and routines.”

Fritschen suggests taking weeks or even months to consider the project and plan everything. Be sure to take into account the added cost and time living without a stove, oven, refrigerator, during certain times of the ren…………… continues on Fox Business

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