Home Improvement

Given today's home prices many homeowners are finding that remodeling instead of moving can be the answer when their family needs change.

Some homeowners approach renovations with an eye to resale value, others don't think about how much of the investment they are likely to recover when they want to sell.

We think that is always good idea to be informed and find out how much of your investment you're likely to recover -- whether you hire a contractor to do your renovation or do it yourself.

Some homeowners approach renovations with an eye to resale value, others don't think about how much of the investment they are likely to recover when they want to sell.

Before you start your renovation project, there are several considerations we suggest:

If you plan renovation to increase resale value of your home, try to take into account the neighborhood market. Don't underimprove or overimprove.

In higher-end neighborhood, a do-it-yourself renovation may not be acceptable due to the quality of work done and the materials used.

It is hard to guess what will appeal to a potential buyer, so make sure that the renovations suit your own wants, needs and tastes first.

New paint, carpets, flooring and good maintenance are the best ways to enhance your home's salability.

Neutral colors are always good idea if you plan to make improvements before selling your property.

Basement finishing is good investment. A finished basement greatly increases the value and living area of your home.

Adding a wood deck will boost the value of your property. Wood decks are like an extra "room" in warm weather months.

Heating, air-conditioning, improved ventilation and insulation are always good investment and will improve the value of your property.

Bathroom and kitchen renovations are the most important improvements if you want to increase resale value of your home. Keep counters neutral and be careful when using a pattern.

Great looking floors are a strong feature of any home. So start ripping out that dated wall-to-wall carpet. If you have existing hardwood floors down, refinish them if they are in good condition. You can also choose one of the many affordable laminants for an elegant up-to-date look.

Installing or upgrading the fireplace will improve your comfort and generate a greater return on investment when you decide to sell your home.

Make sure your roof is in good condition and well maintained. A well maintained roof keeps the warm air in and cold air out. Good maintenance and regular repairs will prevent larger issues.

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