Whether you’re buying a new home, or want to upgrade your existing one, you’ll want to do some home improvement. It’s a nice feeling to be able to spend money on your home, especially in tough times.
There are a few things to keep in mind when doing home improvement projects. Firstly, the projects you do will have a direct effect on your resale value. For example, a new front door is an inexpensive way to improve the look of your house. A new roof is another way to improve your home’s value.
Home improvements are generally tax deductible, although there are some exceptions. However, you should check with a CPA or tax expert to be sure.
The return on investment (ROI) of energy-efficient home improvements varies, depending on the project. For instance, insulating an attic has an average ROI of 117%. However, you should keep in mind that material costs aren’t tax deductible.
Other home improvements you can do to improve your home’s value include a new front door, a new driveway, or a new septic system. You should consider whether the project is worth the cost. You may be better off doing the project over time, rather than trying to do it all at once.
Another home improvement that’s definitely worth a try is landscaping. Adding a touch of color or landscaping your backyard can add a nice touch to your home.
One home improvement that has been growing in popularity is building a deck. In July alone, deck construction is up 275%.