VLB offers Texas veterans below-market interest rate loans on home improvements.However, many people don’t know which projects recoup the most money when the home is sold. You might be surprised to learn that many of the most popular home improvements, like kitchen and bathroom remodels, don’t measure up to basic maintenance jobs such as exterior paint, landscaping, front porch makeovers, composite siding or a new roof.
Prospective home buyers won’t care that you completely remodeled your kitchen when the carpet is worn, paint is peeling and the yard doesn’t look inviting. Keeping up with basic maintenance such as minor kitchen and bathroom remodels remain among the best investments, often recouping 80-90 percent of their initial cost.
Other high-return projects include steel front doors, wooden decks and replacing wood windows with new energy-efficient windows. Projects that don’t pay off as well include garage additions and conversions, high-end kitchen and bathroom remodels (consider the high cost of plumbing and fixtures in a small area) and sunrooms. For a list of projects eligible for financing with a VLB home improvement loan, visit http://www.glo.texas.gov/vlb/veterans-benefits/veteran-loans/home-improvement/eligibility.html.
The Real Estate Market Place
*Sourced from VLB*
Author:Chip Franks Phone: 254-291-1337 Dated: November 2nd 2015 Views: 367 About Chip: The Supreme Commander of The Real Estate MarketPlace and A Good Guy, In General!
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