Make home improvements that pay off

Home prices may be up in your neighborhood - more reason to invest in your home to get the best price if you're planning to sell. But take care, if you're planning to sell soon!

Projects to avoid:

Making home improvements can bring great joy and functionality to your home, but some projects may actually hurt your home's value. Try to avoid these projects if a sale is in your near future:

  1. Excessively decorating children's rooms. Yes, it may be a lot of fun to paint a mural wall in your child's room, but if you're planning to sell soon, the time and money spent will likely not be recouped. From a seller's standpoint, it's better to paint with more neutral colors.
  2. Adding textured walls. Textured walls can be difficult to sand down or remove, so consider avoiding them. If you do choose to texture a wall, try to choose one that can be easily converted back to a typical flat wall.
  3. Installing a hot tub. A hot tub is a great place to relax and unwind after your day, but many potential homebuyers are turned off by using someone else's hot tub.
  4. Overly difficult landscaping. Many non-green thumbs may be intimidated by elaborately landscaped yards and walk away, no matter what the inside of your home looks like. Try to keep your yard neat and tidy, but not too difficult to maintain.
  5. Converting extra bedrooms into non-bedrooms. Really want that formal dining room? Before you convert the main-floor bedroom to accommodate, be careful not to change too much - and be sure not to touch the closet. In order for you to list the room as a bedroom in the future, the closet must stay intact.

Projects that usually pay off:

Despite what conventional wisdom says, most of the home improvement projects with the greatest return on investment are not glamorous. Did you know a new front door ranks at the top of the list? Sellers can potentially recoup 66 cents of every $1 they spend on the average remodeling project.

Before you splurge, consider these three upgrades and fixes. They won't break the bank, but could pay off and help you clinch a deal if you're serious about selling soon:

  1. Create space. Knock out a non-structural wall, or remove that kitchen island. Anything that opens space and creates a sense of flow is advantageous.
  2. Prune and landscape. Tangled trees and unkempt bushes can obscure views and darken interiors.
  3. Address the basics. Insulate the attic, repair plumbing leaks or replace rusty rain gutters. These fixes can go a long way toward boosting value.

Renovations with the greatest return on investment

If you're considering a home improvement project to boost the quality and appeal of your home, here are some ideas that will potentially give you the biggest bang for your buck:

  • Entry door replacement: 96% return
  • Deck addition (wood): 87% return
  • Attic bedroom: 84% return
  • Garage door replacement: 83% return
  • Minor kitchen remodel: 82% return

We can help

Whether your project is to make your life happier, or your goal is to improve your home's resale value, make it happen with a home equity loan from Think. Let us know what you need, and we'll help you find the option that best fits you and your family's needs. We can also help you with the purchase of a new home if you decide to sell. Visit one of our branches or call 1-800-288-3425 today.


Home equity loans are available to existing customers, or new customers who live or work in Minnesota, for properties located in AZ, FL, IL, IN, IA, KS, MN, MO, NE, ND, SD & WI.

Click here to view home equity disclosures and current rates.

1-800-288-3425
Equal Housing Lender Equal Housing Lender
Equal Housing Lender Equal Housing Lender

Member FDIC - NMLSR ID 440195

Bank smart, live well.

Think Mutual Bank

© 2018 - Think Mutual Bank | Legal Notices | Privacy Policies

Insurance products are offered through Think Insurance (MN license # IA-538), not Think Mutual Bank. Insurance products are not FDIC insured, are not insured by any federal agency, and are not a deposit or guarantee of Think Mutual Bank. This is not a policy. For a complete statement of coverages and exclusions, please see the policy contract.

The Investment Professionals of Think Financial Planning are Registered Representatives and Investment Adviser Representatives with/and offer Securities and Advisory Services through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered by CES Insurance Agency. Investments are not FDIC insured, not bank guaranteed, not insured by any federal agency and may lose value. Check the background of this firm on FINRA's BrokerCheck. Think Financial Planning is headquartered at 5200 Members Pkwy NW, Rochester, MN 55901.

This information is provided for new customers who live or work in Minnesota, and for existing customers residing in the states of AR, AZ, CA, CO, FL, GA, IL, IN, IA, KS, KY, MA, MD, MI, MN, MO, MT, NE, NM, NV, NY, ND, NC, OH, PA, SD, TN, TX, UT, VA, WA, WI, WY. No offers may be made or accepted from any resident outside of these states due to various state regulations and registration requirements regarding investment products and services.