Remodeling your home properly can actually make you money!

New home construction costs are soaring, so certain financial gains can be achieved from remodeling an existing home -- and these gains are higher than ever before! Here are three tips to help you produce a positive ROI on your next remodeling project.

1. Paint your home inside and out

   Most people's impressions of a home are made in the first 5 minutes and are mostly related to how the house looks and feels. Paint color experts in Florida has long known the power of color and texture to influence the moods and perceptions of the buying public. The right use of paint on a house can, in the first 5 minutes, entice a potential buyer to buy your home.

   Benefits of the painting:

   • Makes the home appear clean and fresh
   • Eliminates "old house" odors
   • Covers patches and imperfections in walls
   • Makes a room look larger and brighter (if the color is right)

   Avoid these painting mistakes:

   • Only choose exterior paint colors that complement your neighborhood and the period flavor of the house.
   • Steer clear of interior colors that are too wild or bright. Allow accent pieces in the home to provide the bright colors.

2. Spruce up the landscaping

   No real curb appeal is possible without an attractive yard. Unless you are okay with your house looking dark and dreary, groom the lawn. Trim large plants to exhibit your home. Add some small accent plants around the yard to make the yard appear "well groomed". If your lawn suffers from poor upkeep or bare spots, consider rock or foliage gardens to cover the affected areas.

3. Do up the kitchen and bathrooms

   So paint and landscaping got them in the door -- now close the deal with the kitchen and bathrooms. A minor kitchen and bathroom remodeling can be quite cost-efficient and yet produce a very high ROI. Practical floor coverings, painted cabinets, tasteful wall decorations, and a wise choice of fixtures can all add to the general value of your home without costing a small fortune. The idea is to produce more space, cleanliness, brightness, newness.

With these tips, you can spend one remodeling dollar and build more than one dollar in additional equity in your home. The trick is not to overspend.

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Created on Dec 13th 2018 23:46. Viewed 308 times.

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