While many people make improvements and upgrades to their own homes to increase their enjoyment of their homes, not every home improvement immediately adds to the dollar value of a home, net of costs.
Charlotte, NC (PRWEB) October 05, 2016
A blog post written by American IRA CEO Jim Hitt recently explained how home improvements could be used in order to increase the resale value of a home held in a Real Estate IRA.
Writing at the AmericanIRA.com blog, Jim Hitt wrote that using a Real Estate IRA is an innovative way for investors to maximize their retirement dollar—but sometimes home improvements can be necessary in order to achieve more value in the resale of a home.
According to Jim Hitt, important issues like a more beautiful exterior and good landscaping were very important in increasing a home’s value. This “curb appeal” is not only the first thing that homeowners look at, but can completely change the way that would-be buyers perceive the value of a home.
Another interesting fact noted by the blog post is that “green” properties—that is, properties that use sustainable energy projects such as solar panels—tend to receive a premium on their home value when going up for sale.
Jim Hitt was quick to note that not all improvements to a home result in an increase in that home’s resale value. Said Jim Hitt: “While many people make improvements and upgrades to their own homes to increase their enjoyment of their homes, not every home improvement immediately adds to the dollar value of a home, net of costs.”
What’s important, argues Jim Hitt, is making sure that the investments you make in your Real Estate IRA-owned home will actually end up relevant to the home’s resale value. These tangible benefits can be realized the very next time the home is sold or rented out, resulting in more money in the bottom line of real estate investors’ retirements.
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