|Photograph By Dawn Gagnon|
Many homeowners no doubt, felt reluctant to put money into their home with the dropping of real estate values that took place nationwide in 2009. One thing all homeowners should bear in mind is regardless of current market value, improvements are still improvements nonetheless.
Home improvements should always be about what makes the home owner happy first, investment prospects should be secondary.
Start off with a list of goals for the next five years. Usually these goals vary from the very inexpensive cosmetic fixes to major home improvements. By placing a time line of five years as the goal, this makes it easier to accept and work toward. Start off with the small stuff. However, if you have a nightmare kitchen, or bathroom, it should be given priority. It may surprise many to see that most goals listed on a five year plan get achieved in considerably less time.
List everything you can fathom that needs doing. Why not? You've got five years. Your list may very well resemble a wish list more than a realistic one, but that is half the fun. It doesn't hurt to dream big. Its also financially sound to always have a plan. Its a great reference to have a list already waiting for those extra funds that you stumbled across from time to time. Maybe a bonus? A tax refund? A relative that left you something in a will? The idea is the money will go towards something tangible and that is smart financially.
uld be secondary. A homeowner is less likely to regret improvements done for themselves, as opposed to those that do them based on market statistics.