CONSIDER WHAT TO INVEST IN YOUR INVESTMENT

Thinking of a remodel? Remodeling your home, either from time to time for maintenance or just before the home is put on the market, can greatly increase the likelihood of a higher return on your investment. This, of course, depends somewhat on what the improvement entails. For example, if you spend $10,000 to have your mansion professionally repainted fuchsia; chances are not high that you will see a large return.

In a cost vs. value report done in 2005, published in Realtor Magazine by the National Association of Realtors, the significance of improvements, and more specifically, particular improvements significance, was outlined. It's not a universal code. What sells varies from country to country, and region to region. You may be surprised to learn that, in general, turning that bedroom into a top-notch master suite is not as likely to bring as large a return as a midrange kitchen remodel. Further, in the Midwest, that kitchen remodel may bring about 73 percent return, whereas new siding on the exterior brings anywhere from 96-98 percent return. On the whole, updated siding has the greatest capacity to increase the value of your home.

Remodeling should always be done for the right reasons, being a costly and time consuming endeavor. What might sell could even change over time, so make the improvements that you and your family want to live with. Just make them! A well maintained and updated home will always have the highest value.