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Tuesday, February 7, 2017

5 Tips for Deciding on a Home Improvement Project

Home improvements can greatly add to your home’s value.

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Making a new addition to your home is a great idea for various reasons, but interest rates and property values can change the effectiveness of your investment. If you’re considering building a new addition into your home, consider the following five pieces of information as you make your decision:

1. Cost. When budgeting for your addition, plan for the costs associated with major home improvement projects. The hefty cost is something homeowners should consider closely before embarking on this type of construction. It’s also important to consider the additional costs of utilities and taxes to affect your annual budget.

2. Investment value. Sellers don’t necessarily recoup their entire investment due to variables associated with property values.

3. Enjoyment factor. Cost and investment aren’t always the main concerns of homeowners when they’re making additions. Sometimes they just want to enjoy the added space or have a need to expand their home.

4. Stress. I don’t have to tell you that stress is a con, and can be a temporary problem. Selling your home and buying a new one may prove no less stressful.

5. Design aesthetic. A poor design decision can detract from the appearance of your home. An addition that’s mismatched to the main structure can detract from the home’s visual appearance. This will turn buyers off.

Consider all the pros and cons
 before making a decision.

Consider all the pros and cons when it comes to making a decision about a new home addition. Talking to other homeowners can also help you gather advice and enhance your decision making process. If you have any questions for us or if you know someone looking to buy or sell, give us a call or send us an email. We look forward to hearing from you.