Score your house remodeling project

A house remodeling project can be very expensive. Before you start that home office, improve your flooring, replace your windows, add that extra room, a deck or patio in your backyard, create curb appeal, keep in mind the money it will cost can add up very quickly. You should remember that it is an investment and like all investments you should research all the risk.

Take this easy quiz to help you decide if renovating or remodeling your home is the right for you. The answers to each question are given a corresponding number; add the numbers to get your total score.

Questions:	1	3	5
The market values of homes in your neighborhood are?	Decreasing	Staying the same	Increasing
Compared to your home, other homes in your neighborhood are?	Smaller	Similar	Larger
What are the property conditions like in your neighborhood?	Poor or Declining	Staying the same	Improving
How long do you see yourself living in this home?	5 years or less	10 years more or less	20 years or more
How will you finance your project?	Personal loan	Home Equity loan	Do not need financing

If your score is:

17-25: A home improvement project is a good idea.

10-16: You can still do a home improvement, especially if you plan to live in your home for a long time. But be careful with expensive improvements.

5-9 : You should consider investing your money in a different home.

Keep in mind that the quiz above was created to help you decide if a major home improvement project is right for you. Simple projects like a paint job are always good investments for your home.

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