Upgrading your home is one of the best ways to increase your house’s resale value — while improving your own quality of life at the same time! A word of caution, though: Not all home upgrades are created equal. Some of them — like overly trendy or individualized design choices — simply won’t appeal to most down the road. So how can homeowners decide which upgrades are worth investing in? Financial expert recently explained some of the best ways to add value to your home and .
Earning passive income doesn't need to be difficult. There are three major no-nos that homeowners should always remember when they take out their checkbook and prepare to make improvements. It’s a waste of money and won’t add to your home’s resale value.
Prospective homebuyers are looking at the overall value of your neighborhood, not just your home. No matter how beautiful your bathrooms are or how lavish your garden is, it’s not going to add enough value to compensate for your neighborhood. So rein in your spending.
It can be tempting to take out a home equity line of credit to upgrade your house, but when you do that, you’re directly removing equity from your home. Instead of borrowing money, save up and pay in cash for any renovations you do. It may take longer, but it will leave you in a far stronger position in the long run.
When you’re upgrading your home’s design, think about how those upgrades will look in a few years. You don’t want prospective homebuyers to laugh when.