The Real Estate Mango

Should I Make Home Improvements During A Recession?

High Impact Windows

Many of my clients are asking me if they should improve their home at this time and I say YES for several reasons.

First..Some renovations will save you money after you make them.  For instance, putting in good, high impact windows will lower your insurance premiums, keep your home from using more energy to cool or heat because it reduces drafts and will protect your home from wind and rain during the hurricane season. Solar panels are another wonderful improvement.

Second, redoing bathrooms and kitchens will cost less to do, now, because there is a glut of building materials due to the recession.  Granite and stone and tile are less expensive now.  Contractors need work and are willing to make excellent deals to get your job.  Thousands of dollars can be saved when doing the construction and after it is complete, the value of your home has increased.

Forbes has a great, indepth article, on what to invest in during this recession.

Let me hear your comments.  What are your plans?

This entry was posted on Friday, January 30th, 2009 at 3:50 am and is filed under Home Improvements. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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