Which home improvements provide long-term ROI? [VIDEO]
Posted on Tuesday, March 3, 2015 at 8:41:05 AM
Are you having a difficult time figuring out which remodeling project is right for you? There is a lot to consider, from home improvement financing to DIY or hiring professional help, and the process can get a bit overwhelming.
If you want to simplify matters, take a look at the projects that have the best return on investment. Each year, Remodeling magazine releases its Cost vs. Value report. Recently, HouseLogic analyzed the numbers to determine which projects had the best long-term value.
The findings showed that converting a spare bedroom into a specialized space - like a home office - is a poor idea. On the other hand, adding a steel front door is a smart move, as it provides a significant boost to value year after year. Similar projects include a siding replacement and a minor kitchen remodel.
If one of these renovations sounds like a good idea to you, make sure you have done your research ahead of time. Know what it takes to complete that specific project, and decide early on if you can tackle it yourself or if you need professional help. This will ensure your plan stays on track - and you finish with a good result.