We have seen that to get rich and gain financial independence , it is best to diversify its sources of income and property must take a significant part in this process.
Whether you just bought your main home, you expect to live several years, or you bought to renovate and then sell to realize a capital gain, in which part of the house is it better to put the money to get the best return on investment?
The best investment is to renovate an old bathroom. Transform the bathroom into medium current range, you can enjoy it for years, and increase the selling price of 102% of the amount of your investment.
In second place is the kitchen. You can pick up 90% of your investment in increasing the selling price of your property.
The third improvement is the pay window replacement. Not only can you hope to recover 90% of your investment at resale, but every year you will also gain on your electricity bills.
Regarding other possible improvements, you probably do not recover at the time of resale the amount of work performed. But if this is your principal residence, you keep the number of years, if it is to your liking, even if you get only 50% of your investment at resale.
In general, in improving the habitat, keep in mind that make your home bigger and more luxurious than your neighborhood will cost you much more than it will earn you at the time of resale. These are mid-range improvements and those that are cheap that yield the most.