Considering a Remodeling Project?

Location: Know the neighboring values before you buy or remodel.  Do not strive to be the most expensive house on the block.  That will hurt the value when selling.

Financing: Plan on paying cash for contractor work on your remodeling project. Lenders have little interest in home equity loans in all but a very few select cases.  Ask your lender about the 203 K option to help finance some of the work if you plan on buying a home that needs work.

Interior Trends: Be careful with bold, bright colors.  If the person suggesting those colors has not sold a house in Midland you might think twice.  Boring neutral beige sells homes.

Windows: Some studies indicate the sellers retain only about 50 cents on each dollar after installing new windows.

Bathrooms: Tile refinishing instead of replacing with brand new tile could save big bucks and still pack the new look punch needed for older bathrooms.

Kitchens: Don't immediately rip out the dark mahogany colored cabinets.  In some circumstances new hardware, counter top, and stainless steel appliances may be all the kitchen needs.
 
These are just a few points to think about. Please consult a professional before moving forward with any major remodeling project.