Spotlight

When taking out a home equity loan, home owners want to make sure that the money is being spent in the best way possible - optimizing resale value, comfort, and maintenance.

OUTSIDE

  • New Siding/New Windows......up to 73% ROI
  • New Roof................................up to 91% ROI
  • Landscaping/Deck Updates....up to 81% ROI

These outdoor home improvements cut heating/cooling costs, minimize potential future repair costs and add to curb appeal, respectively.

INSIDE

  • Updated Kitchen........................up to 90% ROI
  • Updated Bath............................up to 100% ROI
  • Neutral Paint/Flooring...............up to 97% ROI

Choose a style that is universal and fits the style of both the home and the neighborhood. A neutral, cohesive palette of colors provides a good flow to the space.

Read more here.

AVOID

  • Jacuzzi style bath tubs.........less than 27% ROI
  • Pool/Hot Tub.........................less than 39% ROI
  • Specialty Rooms...................less than 56% ROI

A walk-in shower is a better resale choice than a large tub and will be used much more. Pools and hot tubs are a liability and should only be installed for your personal enjoyment, not resale value.

Read more here.

ROI calculated from HGTV.com, HomeDepot.com and Roofing Calculator with allowances made for local Detroit area housing markets.