Feb 26, 2007 -- Increase home value by doing work yourself
Clark and his wife are in the midst of remodeling their home so the front and foyer area are a bit bigger. From the start, Clark has said it is completely for their enjoyment and that they shouldnt expect it to increase the value of their home. In fact, new statistics from Remodeling magazine show that returns on home improvements are getting less valuable over time. People in the industry will claim youll get about 90 cents on the dollar; others say 80 percent. But, in actuality, its more like 75 percent. The only way youll make money back on a home improvement project is if you do the work yourself. If you can strip floors, redo the kitchen or bath or upgrade and rewire the electrical outlets, your wallet will benefit from it.