Before you spend money on those home improvements you think you just can’t live without, consider how long you’re planning to live in your home. Only a couple years? Then you really want to pay attention to the cost-versus-value ratio of any extensive projects. If you’re considering a move in the next two to four years, there is really no need to invest your money in home improvement projects that won’t necessarily increase the resale value of your home. Here are six common improvements that are probably best left undone:
The Agency - Home Values
The topic of home values continues to be a hot issue. In times of economic uncertainty when property values are decreasing, sellers and even listing agents will question and pick apart appraisals. Meanwhile, during economic growth as home values are just going up, the majority of homeowners don’t question appraisals much, if at all.
Year-over-year home values have increased by 6-percent for the first time since 2006, according to the July Zillow Real Estate Market Report. Monthly home values have now increased the past 14 months and have risen in 20 of the past 21 months, beginning in November 2011 after the U.S. market hit rock bottom in October 2011. All 30… Read more