Home improvement is practically an American pastime, with millions of homeowners completing projects each year. while renovations will generally improve your quality of life, many don’t actually provide a financial return.
“In most cases, only home projects that add additional functionality or livable square footage add to the home’s value,” says David Steckel, home expert at home services marketplace Thumbtack.
The exceptions are kitchen and bathroom upgrades, as well as extensive enhancements to the exterior such as a new roof, windows or landscaping because these projects can elevate the home’s feel.
To identify projects that can increase your property value
Centurion Wealth Management LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) in the 4th quarter, according to the company’s most recent disclosure with the SEC. The institutional investor purchased 1,302 shares of the home improvement retailer’s stock, valued at approximately $411,000.
