Do you think that remodeling your home is a wise investment? Many homeowners think so, but looking at statistics, homes that have been remodeled before a sale are estimated to only recoup between 50 and 80% of the money spent on a remodel.
There has been a recent surge of interest in remodeling due to many home improvement TV shows, but if the sole purpose of the remodeling is to increase resale value, there could be better ways to invest your money.
So what should you do instead?
Repairs are always a worthwhile investment since this will have a direct impact on the value of your home. Another option is to apply fresh paint to your house. This is a relatively cheap way to make your house look new.
Landscaping also gives a good return on the money invested, since it can greatly improve the appearance of your home.
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