Are you trying to sell your home and hoping that you will make as much money as possible from the sale? Many are under the impression that a remodel will significantly raise the value of a home. It could be they got the idea from one of the many home improvement shows that are popular on TV, but is a remodel a wise investment?
When comparing the cost of remodels with the increase in home value, statistics show that you will lose between 20% and 50% of what you spend on a remodel. You would actually save money by selling your house as-is instead of trying to do an expensive remodel. This doesn’t mean, however, that this is your best option. Money spent on repairs will actually give you a much better return on your money. If you want to try making your home look newer and fresher while not spending much money, landscaping or painting your home are some good alternatives.