Springtime is for many homeowners the best time to start a new home improvement project. The kind of home improvement they wish to do is entirely up to the owner of the home regardless whether it makes sense or not. Budget issues, and the ROI the project brings do not matter if the home owner is set to do a home improvement project for their home. If you are still wondering whether new windows versus a new garage door matters, read the article below to find more information about what home improvements will give you the best ROI.
Home renovation projects that can pay off in a big way
Spring is a peak time for home buying. And for sellers, it’s all about making their house stand out.
A recent survey from the National Association of Realtors showed that upgrades to the kitchen, bathroom and new wood flooring appeal to potential buyers.
But even cheaper and less time-consuming projects can pay off, often in areas you may least expect — the attic (insulation), the garage door, or even redoing your entry way.
“Some of the projects that have the biggest bang for the buck are these really inexpensive projects,” CBS News business analyst Jill Schlesinger told “CBS This Morning” Thursday. “These are projects that can really help sell the house.”
These types of renovations can “recoup a lot money” when selling your home.
By comparison, Remodeling Magazine found a new additional bathroom only returns a little more than half of your investment.
The idea of a new pool, Schlesinger said, is a “no-no,” because many people with children do not want to deal with the liability. Sun rooms, she said, are also a bad idea.
Crafty ways to tackle home maintenance projects: Part 2
According to the MI Money Health website, homeowners should set aside at least 3 percent of the value of their home for home maintenance each year. As the cold weather goes away and the spring rains begin to pour, it is a good idea to get outside and do some inspection.
- Look around the yard for standing water left over from the snow melt.
- Clean up the yard to make sure no sharp items or other hazards have not been uncovered.
- Drain your hoses and check for cracks.
- Take a look up and see if there are cracked or dangerous limbs.
- Look at the shingles and vents on the roof and check for signs of winter damage.
- Check your siding and paint for chips and cracks.
You might want to bring out a clip board and take notes or make a to-do list. You may uncover problems now that if not fixed will lead to great expense later.
According to the Healthy Homes Maintenance Checklist found on the U. S. Department of Housing and Urban Development website, maintaining a home that is dry, clean, well-ventilated, free from contaminants, pest-free, safe and well-maintained is a healthy home. Maintaining your home can lead to financial health as well. According to this Michigan State University Extension article, the first step toward financial well-being is to manage your money.
Will a Personal Loan Fund Your Home Repair Project?
The first day of spring is March 20, which means the days are growing longer and summer isn’t too far behind. While many across the country are still battling ice and snow, soon the weather will warm up and thoughts will turn toward outdoor activities. Some people might start planning vacations, but others might want to turn their focus toward their home. If you own a house, chances are there are improvements or additions you’d like to see made. You might be putting them off until you have the money or the time is right, but why not make your dream home repair project a reality this year with the help of apersonal loan?
Personal loans aren’t just for dealing with debt
Although a personal loan can be a great help to those who need to consolidate debt or pay off medical or other emergency expenses, that isn’t the only function it can serve. Although it isn’t necessarily a wise idea to take out a loan for something frivolous or to go on a lavish vacation, you could be saving money by taking care of necessary home repairs now — such as replacing your drafty windows — which could be adding up to unrealized costs, such as higher energy bills. And beyond personal savings, certain home repair projects that upgrade your home to be more energy efficient can not only be a help to the environment but also make your household eligible for certain tax credits.
