Can’t keep up with the Joneses? You may not want to remodel your home

In a changing community where houses are being heavily renovated or torn down to make way for larger homes, it may not be worthwhile to remodel your home. Home improvements are usually pricey, even when they’re done on a budget. So it’s important to most homeowners who undertake a remodeling project or renovation to see that investment reflected in the resale value of their homes. But if the home values in your neighborhood are increasing rapidly enough to put a premium on the value of your property regardless of the condition of your home, any improvements you make to your house will probably amount to wasted money when it comes time to sell your home. Check out this Real Estate Minute for my answer to a question from homeowners in a transitional neighborhood who are wondering whether they’d be better off selling their home than spending money on small home improvements. Be sure to subscribe to my YouTube channel for the latest real estate tips and news: http://www.youtube.com/subscription_center?add_user=expertrealestatetips And for more of my real estate and personal finance tips: Read my blog: http://thinkglink.com See my tweets: http://www.twitter.com/glink Follow me on Facebook: http://www.facebook.com/ilyceglink