Renovating a home is generally a costly affair. According to the National Association of Home Builders, United States home-owners invested more than $114 billion in renovations in 2009. Due to the current state of the economy, many owners prefer to renovate their homes before investing in a new property.
But not all renovations are the same. Although the goal of refurbishing a property is to create a more comfortable space for its residents, it’s a good idea to consider what kind of value a renovation would add to the home, so that if you decide selling it, you can make the most of your sale.