With rising interest rates and a drop in home prices, some homeowners are reconsidering their remodeling plans. However, smaller projects with high ROIs may provide the best return on investment in 2024.
Bathroom upgrades, for instance, not only increase your personal enjoyment but also add value to your home when it comes time to sell. And implementing green improvements reduces utility costs and helps the environment.
Discover the pros and cons of home remodel 2024 to make well-informed choices about efficiently enhancing your living area.
Costs
The costs of home remodeling can vary depending on the size and scope of the renovation. However, overall construction costs are expected to increase as labor and material costs continue to rise.
If interest rates remain low this year, homeowners could save money on financing their project by refinancing their mortgage or taking out a second loan. This could encourage more people to undertake …