Ask a Question

Get a Quote

Q: Is now a good time to remodel?

Would it be worth the investment? The economy is still working through a recession and the value of my home is low. Will remodeling my kitchen, bathroom, landscaping, etc help out my cause?

Posted in Other Remodels on

remodel economy kitchen bathroom value Flag / Report


  • A: Answer: It depends



    This is a difficuly question to answer with complete certainty but...

    #1 First thing is first, financing. If you have enough funds in savings or can access capital via a HELOC or some other loan, go for it. Otherwise, wait. There is no point in stretching yourself to thin if you aren't financially stable.

    #2 Tax Credit - If any of your upgrades fall under the tax credit umbrella, why wait? You could save up to 30% if you install before 2011. Tax Credit Guide Here: http://www.moonworkshome.com/home-improvement-resources/home-improvement-tax-credits-explained/

    #3 Cash-in Refinance - Rates are at historic lows! If you don't have enough equity, pay for some home improvements so you can take advantage of these times. We just wrote a blog on this topic here: http://www.moonworkshome.com/Blog/bid/43686/Cash-in-not-out-Refinancing-Is-it-Right-for-You

    Hope this helps.

    Rating: 3
    Flag / Report

  • Answer This Question


    Create a profile or
    Login to take credit!
    Nov 26, 2022

    A: