Are Home Improvements Projects Worth the Cost and Time?

According to a National Association of Realtors survey, after completing a remodeling project, 74% of owners have a greater desire to be in their home, 65% say they experience increased enjoyment, and 77% feel a major sense of accomplishment, according to the survey. 

NAR calculated what it refers to as a “Joy Score” for each project. The score is based on the happiness homeowners reported with their renovations; the more pleased with a given project, the better the Joy Score, with the highest possible score being 10.

•  Interior projects that received some of the higher Joy Scores are complete kitchen renovations, closet renovations, full interior and individual room paint jobs, kitchen upgrades and basement conversions to living areas.

•  Exterior jobs with the highest Joy Scores were new fiberglass or steel front doors, new vinyl and wood windows and new roofing. 

If you are interested in learning more about a cashout refinance to help with your home improvement projects, contact me today to learn more!

*Courtesy of National Association of Realtors

 

* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.