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Increase your home’s value with these projects
If you’re about to sell your home, get ready for eyes on every corner of your house. Appraisers come in to tell you how much your home is worth and often come up with numbers that seem way too low. One of the best ways to increase your home’s value is to renovate. But you first need to find out the average home renovation costs. Of course, different projects yield different results. Some home renovations will actually decrease your home’s value. Here are the 12 worst home renovations. Pick the right project, though, and you could get a great return on investment. Homeowners spent an estimated average of $13,138 on…
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Cities With the Biggest Increase in Home Improvement Loans Since COVID-19
Photo Credit: Jaruwan Jaiyangyuen / Shutterstock As Americans hunkered down in their homes in the early days of the COVID-19 pandemic—with remote work and school continuing into the foreseeable future—many began tackling home improvement projects. Demand for home offices, more living space, and nicer outdoor areas boomed. Interest rates also dropped to record lows, spurring many to take out home improvement loans. According to loan-level mortgage data from the Home Mortgage Disclosure Act (HMDA), there were nearly 480,000 conventional, single-family home improvement loans taken out in 2020 with a total value of $54.5 billion. Investments in home improvements began to fall during the housing crisis—and beginning of the Great Recession—that…
