Five Value-Adding Home Remodeling Projects

When it comes to remodeling, not all projects have the same return on investment. Which projects should homeowners consider before listing their home for sale? Here's a look at five areas where you may get the most bang for your buck:

• Refinish hardwood floors
  Refresh the entire look of your home with newly refinished floors that cost, on average, $2,500 and increase a home's value by nearly the same amount.

• Add new wood floors
  Replacing carpeted areas with wood flooring can raise the value by as much as $5,000.

• Upgrade insulation
  While this may not be obvious during an initial viewing, updating the insulation in attics and walls can increase a home's value by as much as $2,000.

• Install a new HVAC system
  Energy-saving improvements, like a new HVAC system, add value while providing lasting peace of mind. You may be able to obtain a tax deduction, too.
• increase your living space
  Converting a basement into a livable space can increase the value of a home by as much as $25,000.

Source: americangenius.com

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