Which Home Renovations Return Value and How Do I Pay For Them?

If you’re ready to take on a home renovation project this year, you’re not alone. Last year, over half of homeowners planned to spend thousands of dollars on home improvement projects.

But before you join others on their HGTV-inspired ventures, think about which home renovations pay off and how you will pay for them.

Which Home Renovations Return Value?

Not all home projects are created equal. Whether you’re tired of your old carpet or want to completely remodel your kitchen, first consider the return on your investment. When it comes to the value of your house, some renovations pay off more than others.

Deal with Maintenance and Repairs First

It doesn’t matter if you’re planning to sell your house soon or live there for years. If you have maintenance or repairs needing to be done, resolve them before sinking a ton of money into renovations.

It doesn’t make sense to spend $20,000+ on a kitchen remodel when you have foundation issues.

The money you spend on maintenance and repairs pays off. Though they don’t improve the aesthetics of your home, they do add to the value. Because delaying repairs and maintenance leads to more problems — and…