Receive a Return on Your Remodeling Investment

When you purchase a new home, you want to personalize or imprint it with your own style. This usually takes the form of decorating, such as painting, wallpapering, and installing new window treatments.

You may want to remodel your new home as well as decorate it. Many home improvements may enhance your lifestyle, but they may not necessarily add resale value.

Although this may not seem important right now, it will certainly make a difference when the time comes to sell. You won't get your money back with some improvements, yet others can help make you money.

The return on investment differs from region to region, but here are some general rules:

• Enhancing a home's “curb appeal” will help sell it for top dollar. Painting the exterior is a relatively inexpensive way to add curb appeal.

• Remodeling the kitchen and/or baths is one of the best ways to add value.

• Adding a room or garage is an expensive improvement, but it can pay off if it is carefully designed.

• Decks and patios can add value in some parts of the country.

• Landscaping often adds appeal, but not necessarily value.