Now is a surprisingly good time to consider home improvements. One reason: Making upgrades has become less expensive. The weak economy means many contractors are cutting their prices. Costs have also fallen for many construction materials. In addition, retailers are offering sales on household goods such as appliances, furniture and lighting.
If the renovation improves your home’s energy efficiency, you’ll start recouping your investment soon, in the form of lower monthly utility bills. Many energy-efficient upgrades also qualify for federal tax credits.
Screaming land prices, motivated Sellers, contractors and retailers could be all you need to reconsider purchasing land and building a new home or cabin. Read on for more about smart renovations to do in 2009.