Posts with tag 'Home improvement'

Buying a property that needs some TLC, whether you ultimately plan to live in the home or resell it, can be a smart investment and a rewarding project. With the ups and downs in the market over the past several years, I've seen lots of examples of ugly-duckling properties that have been turned into dream homes with happy endings for buyers who might not otherwise have been able to afford a home with similar upgrades.

But rehabbing a home takes money, work and perseverance. To make a good business decision about whether to take the leap, you need to ask yourself some questions:

What's my tolerance for the project? No matter who you hire to do the rehab or how many projects they've completed, you're likely to run into unexpected things that cause delays. Within reason, your best approach to simply expect the delays and roll with them. If changes...

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Part of the fun of owning your own home is being able to do what you want with it. But if you're planning to sell the house in the next few years, you'll want to think about how those changes will be viewed by potential buyers. Will they love that fabric-textured wallpaper as much as you do?

The truth is, there are some home improvements that can actually hurt your home in the eyes of a buyer. Think carefully before you launch into any of these projects:

Removing bedrooms. Have your heart set on combining two bedrooms into a spacious master suite? Or maybe you want to convert one bedroom into a permanent home office with a wall of built-in shelves. Before you start, think about how many bedrooms will be left. Number of bedrooms is typically on a buyer's must-have list. Your master suite will be tempting to potential buyers, but it...

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