Reno Secrets

While bad debt is used to make a purchase that depreciates, good debt is used to make an investment that rises in value. In the case of renovations, bad debt would fund improvements that have no value to future buyers. Whereas good debt would add convenience and pleasure today, while increasing your home’s value tomorrow. By opting for good debt, the interest you pay on your equity loan can be more than covered by the increase in resale value. Improvements to kitchens, bathrooms and outdoor living space offer the highest return on investment.

Here are a few of things to keep in mind…

In general, the more recent the improvement, the higher the return on investment.

The most appealing kitchens have an open plan with island, and an efficient triangle between the refrigerator, stove and sink.

Adding a deck increases the apparent floor space of your home.

Make outdoor and indoor space blend seamlessly by using French doors and indoor-style light fixtures and furnishings.
By renovating strategically, your improvements can pay for themselves, plus create a healthy profit!
So there you have it. I’ve just given you a few strategic renovation tips for maximizing your home value. Now the rest is up to you!

For a detailed FREE report revealing “9 Secrets to Make Your Home Reno Pay For Itself – Even If You Have Less Than Perfect Credit”…

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DBA – Invis West Coast Mortgages