Tuesday, April 25, 2017

Greetings Thrifty Friends,

Right now housing inventory is particularly low, especially for the start of the home-buying season. That means home prices are going up. So if you are looking to take advantage of the market to boost the value of your house, you might want to invest in a few home improvement projects that have the greatest potential to recoup your investment.

Making your house the most attractive and the most updated will maximize the price you can get for it.

Keep pinchin' those pennies,
Penny

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TODAY'S THRIFTY TIP:

Window Replacement. Windows are not only an aesthetic feature. For most homeowners, they represent one of the easiest ways to lower home heating and cooling bills. By replacing your current windows with more efficient ones you can save on your utility bills, attract future home buyers and net a nearly 70-80 percent return on your investment.

Bathroom Remodel. Depending on the size and amenities of your desired bathroom, you could expect to pay over $50,000 to tear out walls, change structural elements and make major layout changes. However big the price tag, you can still expect to recoup nearly 70 percent of the cost when you go to sell.

Deck Addition. With families cutting their entertainment budgets, they are spending more time at home, so it makes sense that adding a deck is a good investment. You can plan on recouping between 60 and 80 percent of your total job cost to boost your home's value by up to $24,000.