To gain an edge in the current real estate market, many homeowners are choosing to improve some aspects of their home. Often, this money can be well spent and will attract buyers who are willing to pay more for the home. In other cases, improvements are too personal or too costly to make much of a difference. Addressing major problems or very dated cosmetic aspects of a home will almost always bring a good return, while building an addition or upgrading things that don't necessarily need fixing could be a waste of money.
Based on Remodeling Magazine's '09-'10 Cost vs Value report, the top five projects for return on investment in New England are:
1. Front door replacement
2. Siding replacement
3. Deck addition
4. Attic bedroom
5. Window replacement
Kitchen remodels were next on the list, and when considering taking on this kind of project, as with others, it is important to compare your home to similar homes in order to create an appealing space without "over-improving". For anyone planning on staying in their homes, they will want to remodel with both themselves and potential buyers in mind, making changes that they will be able to enjoy while they remain in the home, but that aren't overly personal.