Joseph Talbot, Real Estate Broker - HOME IMPROVEMENTS THAT IMPROVE VALUES

remodelling can still be a wise decision. The improvements may help set your home apart from the pack if and when you choose to sell. Or you may find even if your home is set to sell quickly and for a reasonable price, you still can’t quite afford the upgraded home you want. Renovating now could help raise your current standard of living and raise the future resale value while you save. However, here comes the hard part — deciding what to do and how much to spend. There is a myriad of factors to consider. How long do you plan on staying in the house? What is your budget? What kind of projects do you need done the most? Or rather, what is it about your house that drives you the craziest? How long you plan to remain in the house might be the most important of those questions. The less time you expect to spend there, the less time you have to enjoy the fruits of your labour. It also means you will need to leave some money in the coffers to cover moving expenses. In such a case, you are going to want to focus on the projects that give you the most significant Return on Investment (ROI). For example, things like replacing old doors and windows can have a return of 100% or more in the right market. A major remodel of a kitchen or basement, however, will generally result in a lower ROI. The purpose of this book is to show you that it is possible to remodel for both personal satisfaction in your home and for increased value should you decide to sell. It will also help you choose where and how to best spend your money so that you get the most bang for your buck. Now, before you go off and start planning that $20,000 bathroom renovation, you will need to do some research to ensure the best possible results.

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