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justblogit
Justblogit bookmarked on 2008-03-17 Building Equity Estate Home Improvement Investing Kitchen Real Renovation Renovations
  • With the housing market in a record slump,
    one of the biggest questions I get from people is how much is too much to spend
    on a renovation and will I see that money back when I go to sell my
    house?
    While it is a common belief that any money you put into your house
    will add value to it, this is not always the case. There are really two
    different categories that you put home renovations into- General
    Maintenance/Upkeep and Visual Improvements.
    1) General Maintenance- Projects
    like replacing your hot water heater, patching a leaky roof, repairing damaged
    siding, or sealing up cracks in the foundation are not going to show you a
    return on your investment but they are going to be required to keep up the
    overall condition of your home.
    Regular maintenance can help extend the life
    of your home but at some point there are things that are going to be replaced.
    By avoiding repairs or maintenance on items like this will just make the
    condition worse and will result in even more money being needed for
    repairs

This link has been bookmarked by 1 people . It was first bookmarked on 17 Mar 2008, by i Spied.

  • 17 Mar 08
    justblogit
    i Spied

    Building Equity Estate Home Improvement Investing Kitchen Real Renovation Renovations

    • With the housing market in a record slump,
      one of the biggest questions I get from people is how much is too much to spend
      on a renovation and will I see that money back when I go to sell my
      house?
      While it is a common belief that any money you put into your house
      will add value to it, this is not always the case. There are really two
      different categories that you put home renovations into- General
      Maintenance/Upkeep and Visual Improvements.
      1) General Maintenance- Projects
      like replacing your hot water heater, patching a leaky roof, repairing damaged
      siding, or sealing up cracks in the foundation are not going to show you a
      return on your investment but they are going to be required to keep up the
      overall condition of your home.
      Regular maintenance can help extend the life
      of your home but at some point there are things that are going to be replaced.
      By avoiding repairs or maintenance on items like this will just make the
      condition worse and will result in even more money being needed for
      repairs

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