Which Home Improvements Pay Off?

The critical task of home improvements can easily add up for homeowners seeking to enhance the market and resell value of their home. According to Smartmoney.com, the exact value could be affected by factors such as the value of existing homes in the neighborhood, prevailing trends in the housing market, and the time of sale, homeowners are advised to focus on specific areas where improvements will increase the long term value of the home. Prominent focus areas, those that would see the greatest return on investment, included kitchen-remodeling, an increase of functional space within the house, adding extra bathrooms, installing decks, and replacing windows, while areas to avoid include gardens and the addition of a swimming pool. [ Smartmoney.com, 2005]