Real Estate Experts Reveal the Best Money You Can Spend on Your Home

  • June 30, 2022
A worker installing hardwood floor in an American upscale home.

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Thinking about renovating your home? More than half (55%) of American homeowners are, too, according to a 2022 Houzz & Home Study.

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Home upgrades and remodels can be a great investment — if you choose a project that will eventually allow your home to sell for more. As the cost of labor and materials rise, here’s how real estate experts recommend making the most of the money you spend on your home.

First, Determine Your End Goal

Before choosing a project, decide why you’re investing in your home, says Allison Timothy, a buyer agent with Homie in Utah.

“Before beginning a home remodel or adding to your home, it’s best to know who you are trying to please,” she said. “Unique finishes that you really love are great if you plan to stay and enjoy them. However, if you’re remodeling to get ready to sell, look for new neutral trends that buyers are seeking right now.”

Experimenting with trendy colors is fine, as long as you do so with easily replaceable décor such as accent pillows, wall hangings or rugs. For permanent pieces or upgrades — like light fixtures, backsplashes, tile flooring or anything that’s glued or bolted down — Timothy recommends sticking with neutral colors.

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Next, Plan Your Budget and Choose a Project

Renovating and upgrading your home may be exciting, but don’t rush into a project too quickly. Take your time to research and map out how much you can spend.

“For those looking to improve their home, I would recommend first establishing what your budget is and make sure to

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