Have you ever watched a remodeling show on TV? It seems like such a simple and fun process, and usually people will speak of “flipping” homes showing it to be very easy to just buy a home, remodel it and then make a lot of money out of it. Is this realistic? Well, looking at real life data, from the money you spend on a remodel, as little as half of the money you put into the house may actually be reflected in the sale price. The average loss is about 35%, so that really means that you are wasting the money and time you use for the remodel. Of course, there is nothing wrong with doing a remodel for yourself, but when it comes to investing in your home, it is not a good choice. There are a few things that you could do instead that will actually add value to your home without costing too much. Some simple landscaping can make a big impact. Painting your home doesn’t have to cost a lot either, but it will make your home look refreshed.
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