Thinking of selling your home? Flipping an investment property? Either way, you’ll have remodeling projects in your future. It’s important to consider which projects will give you the best return on investment and help you recoup your renovation costs when it’s time to sell.
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Do you know how up-to-date your home’s insulation is? Does your home feel drafty, especially in colder weather? You may want to check on your home’s current insulation quality. Insulation contractors should be familiar with the most important places to insulate in your home and help you address your home’s needs. Here are some of the places that might need attention.
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There are different homeowner situations where it is important to financially plan all your future remodel projects. This process is when you list all your current and future remodel projects and establish budgets for the projects. This is regardless of whether you plan on hiring a contractor or doing-it-yourself (DIY).
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Do you need to be rich to feel good when you step into your living room? Luckily, the answer is no, you don’t. Arranging the living space is something like cooking – it can sometimes be expensive, but the secret ingredient is love and dedication.
So, let’s say you finally settled, and now you want to make the place a bit more personal and cozy. Or, you’ve been in that one place for a long time, and now you long for a change. Another case could be that you are planning to sell the place, but you want to renovate to improve your investment gains. The problem: your budget is limited.
Don’t worry, because there is actually no problem. If the budget is limited, your imagination isn’t. Here is what can be done.
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While a renovation can make your home more attractive and more valuable in the eyes of home buyers, not every project actually offers good value. One way to measure how much value a renovation is worth is to look at ROI (return on investment). ROI is especially useful if you’re planning on selling your home soon and just want to maximize the sale price.
For example, the top item on this list has a ROI of 102% — which means it actually raises your home’s value more than it costs. On the other end of the spectrum, an upscale master suite addition recoups less than half its cost.
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