There are many homeowners that are hesitant to put their homes on the market today because they don’t feel as though they would get the asking price for it. Combine this with the lowest personal savings account interest rates in history and you have more people investing in their homes than ever. If you are going to keep your house, you may as well make it more comfortable while you’re there, and when you do sell it, the return you will get will most likely be higher than any interest rate.
One of the home improvement projects that do pay - Remodel the kitchen:
An average kitchen remodeling project takes nine months to plan and three months to build, according to the National Kitchen and Bath Association. You can improve the overall look and feel of a kitchen with a lot less work and money simply by refurbishing what you have. Some refurbishing options include refaced cabinets instead of new, resurfaced countertops or an added backsplash, updated flooring and under-cabinet task lighting.
Regardless of the project you plan to undertake, there are a few things you can do to ensure you get the most for your money.
- Establish a budget:
- Hire a qualified remodeler who is familiar with local building codes.
- Compare products and prices before you begin.
- Work with a contract.