Home Improvements to Consider When Selling Your Home
Making sound investments in your home can improve the bottom line when the time comes to sell your home. The trick is, knowing what to improve. Making home improvements prior to listing is common practice. However, improvements should be selected carefully if the primary goal is to increase the profitability of your property. Return on Investment is a phrase that quantifies how much an investment returns compared to what you spent on the investment. For example, if a homeowner remodels a kitchen, and the home sells for a higher price (after covering remodeling costs), then they achieved a positive return on investment. It is important to remember, though, that not all improvements guarantee additional profits. General guidelines suggest that you should not spend more than 20% of your home's value on an upgrade of the kitchen. And beware of "trends" - these are the fashionable upgrades that are popular in the moment, but may not be practical in th...