Many homeowners feel like a remodel is a good investment, but this is rarely the case. The amount of money recouped in a resale has been estimated to be between half to 80% of the money invested.
With the abundance of TV-shows about house remodeling, there has been an increased interest in undertaking such projects, and if it is done solely for the benefit of the current occupants, it is worth it, but as an investment, it is usually a poor choice.
Instead of remodeling, repairing and improving the appearance of your home is a good investment. Painting your house can make it look brand new. Keeping your home clean and tidy can both make it more attractive and save space if you get rid of clutter.
Spending some time and energy on landscaping can also improve your home’s value. You will be amazed at what you can accomplish by trimming trees and bushes and planting flowers around your home.