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Sears Home Services blogshs blog

Friday Aug 27, 2010

Renovations. Well Spent.

In these uncertain housing times, there's a growing trend to renovate, rather than to move. Even though the housing market has dropped in many cities--remodeling projects have continued to add value to homes. Many homeowners view remodeling as increasing the 'live in' value of their home for themselves and at the same time increasing their home's value. Regardless of the buy and sell market--investing in your home still pays off.

According to a survey in REALTOR magazine, homeowners can still recoup a national average of 67.3 percent of home renovation dollars in home improvement projects. Safe renovation options for increasing the value of your home, and improving your home's 'live in' value are:

  • Siding recoups an average of 80% of your renovation dollars. Siding works like insulation for your home which helps you keep the cold out in winter and keeps the heat out in the summer!
  • Replacement windows give you a return of 77% of your renovation dollars. When you replace your windows it has a two-fold return--it updates your home and you will see the energy savings on your utility bill since up to 40 percent of heating is lost through windows and doors.
  • A high return interior renovation is a kitchen remodel with minor renovation at 79% or a major remodel at 76% return on your renovation dollars.

Whether you choose a major or minor renovation--new cabinets (or just doors), tile, and countertops can bring life into your home. Home Improvements are still a safe option in a shaky housing market and the added benefit that before you sell your home, you can enjoy the new features yourself! There are many ways you can save on your housing renovations--and with some renovations you are eligible for a tax credit. Visit us at: www.searshomeservices.com and see how we can help improve one of your best, most solid investments--because it's still wise to invest in your home.

-Andrea, Sr. Manager/General Manager www.searshomeservices.com