Should You Invest In Home Improvements?

That is a tough question.  I am not an expert when it comes to this seeing as I can barely change a light bulb but I do have an opinion.  If you are making home improvements in South Florida where the bulk of properties that are selling are short sales and foreclosures, I wouldn’t do it if you are trying to sell soon. You won’t get out what you put into it. 

 

The good news is that construction costs have come down so long term it could be good for you. 

 

“The short answer is that you’re probably better off continuing to save as much as you can for retirement over next five years.

That’s not to say that you ought to let your house collapse around you in the meantime. Or that you shouldn’t do anything to make it more appealing before you sell (or, for that matter, more livable while you’re still there).”

http://money.cnn.com/2009/07/20/pf/expert/home_improvements.moneymag/index.htm?section=money_realestate