Home Improvements Value – Practical Advice Before Spending Your Hard Earn Money

Home Improvements Value-R

What do you think of when you think of “home improvements”? Do you simply think of fixing a leaky faucet, replacing a damaged roof, or other non-cosmetic but necessary repairs? Or do you think of actual improvement, whereby you’re going to do something that will actually “improve” your home? Home improvements value can be a pretty difficult thing to determine, because it means different things to different people. However, there are some basic adages to live by.

Why are you doing it?

When it comes to home improvements value, you’re either doing it because you’re pragmatic or because you are splurging on something you “want” but don’t need. That is, you need to fix something like a leaky roof, or you want to put in an EnergyStar furnace because of the energy savings it’s going to give you. That’s a pragmatic approach. The more pleasure seeking home improvements are things like a brand-new bathroom with all the latest fixtures and features — including marble — or a hot tub just because you “want one.”

Home improvements value is certainly not just to be taken from the approach that they’re going to save you money or that they’re going to retain or improve your home’s value. That’s a pragmatic approach, of course, but it’s not the only one. It’s certainly just as “valuable,” in many cases, to do something simply because you want to for the pure pleasure of having it — like that hot tub.

However, home improvements value does have some caveats. Because one is “want,” and the other is “need,” you need to take a look at your own bottom line before you decide to do something. Let’s face it; if your roof flew off in the last hurricane that came through, you need a new one, and you’ll need to figure out how to get it (hopefully, this is something your insurance will at least help you cover the cost of). If you need a new furnace but your old one is working okay (and is not a danger to you), you may decide that it’s better to put off installing a new furnace until next year, once you’ve been in your new job for a while and can really afford to do so.

Don’t do unnecessary home improvements if you don’t have the cash

However, there are times when you should really only do home improvements that you “want” when you’re flush with cash. You don’t need a new marble bathroom; you just want one. That’s great if you’ve got the money to do it, but if you don’t, don’t do it.

Be careful about sinking money in for “resale value”

By the way, if you’re looking to “improve” your home as a means to up its resale value, be careful. It’s not likely that you’re going to recoup the expense you put into that new marble bathroom if you’re planning on selling your home, but you will most definitely do well to spend a little bit making sure the roof is in good order, or on putting a new coat of paint on the walls throughout the house and refinishing, re-carpeting, or redoing some of the floors. A can of paint and some carpet are especially good and relatively inexpensive “cosmetic” fresheners that can truly have home improvements value without costing you a lot.

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Check Out Related Topics:

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Home Improvements Value
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See resource for Free House Value Estimator

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