How to Add Value to Your Home Without Spending a Fortune

Home improvement

Several government-issued home improvement loans are available to help you finance your home renovation project. They allow you to borrow up to 85% of the value of your home. These loans come with lower interest rates and offer the option to pay back the balance in as little as 18 months at 0% APR.

The Harvard Joint Center for Housing Studies predicts a major jump in home remodeling at the start of the year. But inflation is taking its toll. Besides, the entry of new private labels has pushed the competition level higher.

Among survey respondents, new bathroom installations rank as the second most popular home improvement project. However, adding a bathroom to your home can be costly.

One way to add value to your home without spending thousands of dollars is to add landscaping. In addition to adding a splash of color, landscaping can also be used to retouch worn areas of your yard.

If you are planning to sell your home in the future, you should take care to make sure your home improvement projects add resale value. In general, homeowners recoup 74 cents for every dollar spent on a home improvement project.

The market value of your home is determined by the number of bedrooms, bathrooms, and livable square footage. It is also determined by construction material and updated mechanicals. If your home is older, you may need to update residential building codes.

One way to increase resale value is to invest in energy-efficient home improvements. This will help you keep your family safe and save on heating costs.