Home Improvement – Boost Your Home’s Value Without Spending a Fortune
Home improvement isn’t just about adding resale value, it can also increase your enjoyment of your living space. It’s important to consider whether any projects will be worth the money and effort before you dive in. Some renovations don’t add any resale value at all, and others may even detract from it. Before you start any big projects, talk to a real estate agent about what will and won’t appeal to buyers.
Certainties in life are death and taxes, but another is homeownership, with its inevitable home repair and improvement projects. While you may not be able to avoid these tasks, you can take steps to reduce their cost and hassle.
While a complete kitchen remodel or a new master suite are high-impact, expensive projects that can boost your home’s value, there are plenty of do-it-yourself options that don’t require breaking the bank. A fresh coat of paint, re-grouting tile or power washing your house’s exterior are simple and cost effective ways to spruce up your home.
Reyes recommends hiring licensed contractors with a good reputation, and checking for proper insurance coverage and business references. A contract should include the exact work to be performed, a payment schedule and as much specificity about materials as possible. This includes the type of materials, colors and brand names. In some states, contractors must also provide a description of the work being performed and approximate dates that the performance will begin and be substantially completed.