If you are like most people who continue to fell the weight of the depressed housing market, you probably know this is not the best time to sell and "buy up". Perhaps you are in the process of exploring your options, which should include improving your current home. This is the option that seems to make the most sense for many homeowners. Many homeowners are spending money on modest upgrades such as new countertops in the kitchen and backsplash. There are some repairs however, which are recession proof, such as replacing a deteriorated roof or an old, inefficient furnace. These types of repairs are simply maintenance which may or may not increase the home's value.
This is also a good time to take advantage of the federal incentives currently available. Replacing your leaky windows may net you as much as $1,500.00 in a federal tax credit, and save you money on your future heating cost, given the fact that more than 30 percent of heat in the home is lost through windows and doors. Additionally, adding new siding or replacing your old will also save on your future heating cost while improving your home's curb appeal.
Here's the Tip:
Consider staying put a little while longer and making those home improvements you have been putting off for a while. Invest in kitchens and bathrooms, windows, doors and a roof. Improve both the interior and exterior by also adding the new siding once you've decided to replace the windows. This will not only save you money immediately but will improve the curb appeal of your home and put you in a great position to sell your home once the real estate market improves.
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