Home improvement can feel like a big project, but there are plenty of benefits to be had from upgrading your space. From saving money on energy bills to adding a new touch of style to your home, there are many reasons to make some changes. But it’s important to know which projects will add value to your home before making a big investment.
According to a recent NerdWallet survey, 3 in 5 homeowners have done some form of home improvement. Most of these were small projects, such as repainting or replacing a door handle or faucet. But some were more substantial, such as installing a new kitchen or bathroom. Some were done just to improve their living experience, while others were aimed at increasing the home’s resale value.
Regardless of what’s behind the upgrades, it’s clear that most people enjoy doing them. And if they’re completed properly, they can make your house more comfortable and attractive. But be careful not to overdo it.
When it comes to financing these projects, homeowners have many options. Using a home improvement calculator can help you weigh the pros and cons of a cash-out refinance, a home equity loan or line of credit, personal loans, credit cards and more. When deciding how to pay for your projects, it’s also worth consulting with a real estate professional. They can offer expert advice on what projects will add the most to your home’s resale value and how much you might be able to get when you sell.