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Money Matters Blog

Monday, March 26, 2012

Spring Refresh: Home Improvements that Add Value

Spring is a time for blossoming and also rebuilding.  Fixing up your home may increase its value and put you in a better position if you decide to sell.  When choosing what to renovate, keep in mind that certain improvements may offer a better return on your money.

Here are some factors to consider when improving your home this spring:

Update the Kitchen.  A kitchen is often a major selling point for a home, so appearance and upkeep are important.  Updating the kitchen may be costly, but homeowners often see a return on investment of 72 percent*.  Major kitchen updates can be enjoyed now and be helpful when you prepare to sell.

Renovate the Bathrooms. Fixing up the bathroom can give you a return on investment of around 62 percent*.  For major renovations, remember people often want simple, eco-friendly tubs over Jacuzzis.  Even small improvements can give your bathroom a fresh, new look.  Try installing new faucets and light fixtures or a new counter.  

Upgrade to be Energy Efficient.  Energy Star appliances and windows will cut down on your energy bills in the long run and appliances are good for the environment..  Insulation products can be do-it-yourself projects and further reduce your bills.

Whether you plan to stay or sell, remodeling your home can make it a more valuable asset and a more enjoyable place to live.  For information on how to fund your home improvements, learn about our Home Improvement Loans or give us a call at (877) 937-2328. 

*According to Remodeling Online
Posted by: Community Financial
Community Financial Members Federal Credit Union is a not-for-profit, full-service financial institution owned and governed by its membership.

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