Home Improvement Ideas to Add Value to Your Home
Adding a new door, window, or other fixture can add a new level of beauty to your home. You may also want to upgrade your home’s exterior to add more value. Some ideas include a new roof, siding, or patio. Other ideas include repairing or replacing rotting boards, painting, or pressure washing your deck.
Home improvements also make for great tax deductions. Some projects are deductible in the year you purchase your home, while others are only deductible in the year you sell it. In most states, labor costs are tax-exempt. You can find out which projects are tax-deductible by asking your CPA.
Home improvements that are a good investment can also be a fun family activity. One of the easiest ways to add value to your home is to spruce up the landscaping. Some ideas include planting new flowers, retouching worn areas, or adding a new color to your yard. You can also stain or paint furniture for a makeover.
A home improvement loan can help cover the cost of a project. Most lenders will look favorably on your application if you can show that you have a good estimate of what you need to spend on the project. However, be careful not to ask for too much money. Also, be sure to check the credentials of your contractor, and verify that he or she is insured.
Home improvement stores can also provide a great place to purchase materials for your project. They often act as a one-stop-shop for everything house related, including flooring, appliances, lighting, and more. These stores also offer advice and know-how for remodeling projects. You can also find inexpensive products at these stores.
Axiom surveyed a sampling of home improvement enthusiasts to find out which products, projects, and other activities were the best. The survey revealed that the most popular home improvement project was a new front door. The next most popular was adding a bathroom. The third was landscaping.
The Axiom survey also asked consumers to name their most impressive home improvement projects of the past year. The most impressive project was installing a solar energy credit. This credit is available to both new and existing homes. You can earn up to 30% of the cost of your new home’s energy bills. It is available to households with incomes up to $250,000.
Other popular home improvement projects include finishing an unfinished basement, attic, or bonus room. You can also add value to your home by painting and insulating an attic. You can also resurface a deck or patio.
The best way to make your home improvement project a success is to do your research. This will ensure that your project is the most effective it can be. In addition to researching your options, be sure to check with your CPA to find out if any of your home improvement projects are eligible for tax deductions. You may also want to use your home as a tax shelter, if possible.