It's tough to put a price on the happiness

While a good return on your investment is important in every remodeling project, experts say that the most important factor in your decision should still be whether the project improves the way you live in your home now.

When looking into any kind of home improvement, a home-owner needs to plan in advance exactly what they hope to achieve by making improvements.

SouthEnd has developed a program that shows homeowners the cost versus value for each remodeling project. We will show homeowners which project they should consider for repairs, improvements or replacement. And, which project has the highest priority with the quickest return on investment.  
"The fact of remodeling is that you never get your money back instantly," says Finley Perry of F.H. Perry Builder in Hopkinton, Mass. "If you're undertaking a project because you're going to stay in your home awhile, and it will enhance your lifestyle, then great -- do it. It's tough to put a price on the happiness many young families get from fixing up their house and truly enjoying it for the next 20 years."

Overall, home owners recouped an average of 63.8 percent of their investment in 33 different home improvement projects, according to REALTORS® who responded to the survey.
 
Since the peakremodeling year of 2005, exterior replacement projects have gone to the top of the chart. Front entry doors rank the highest in the return on investment along with siding and window replacement. Why? Because these types of improvements not only increase the curb appeal of the home but can also make your home more energy efficient while improving the decor inside the house.
 
On average in 2008, households whose homes had appreciated by at least 100 percent over the previous decade spent over 2.5 times more on improvements than those whose home values increased less than 50 percent.
 
At the end of the day, be happy that you have the best quality that you can afford. Cheap fittings and finishes certainly do not have the same durability as guaranteed good quality ones, and cutting price by opting for low quality doesn't always pay, as the work will deteriorate and lose value quicker than had the work been performed with better quality materials.
 
What you are trying to achieve is getting the best value for money that you can, and often the cheapest option isn't the best.
 
It's tough to put a price on the happiness, but you can consult an expert to discuss your options. 
 
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